HARUE^ 

NEW  YORK . 

Gove 
and 


THE  UNIVERSITY 

OF  ILLINOIS 

LIBRARY 


5&5 
B252a 


&   SONS 

BOSTON 


IN 


ail  road 
Bonds 


Investnrient  Securities 

Philadelphia,  represented  by  JAMES  H.  CHAPMAN,  42  J  Chestnut  Street 

Hartford,  Ct.,  represented  by  R.  T.  H.  BARNES,  Aetna  Life  Building 

Chicago,  represented  by  D.  K.  DRAKE,  Continental  National  Bank  Building 


OUt^    mST    OF    iNVESTMEflT   SECURITIES    SEJ^T    ON    flPPliICflTION 


I  ■ 


Redmond,  Kerr  &  Co. 

BANKERS 

CHICAGO:  4 J    Wall   Street,    New  York.  Philadelphia: 

232  LA  SALLE  STREET.  GRAHAM,  KERR  &  CO. 

DEALERS     IN 

High  Grade 
Investment  Securities 

Transact   a   General   Foreign   and  Domestic  Banking  Business.      Receive    deposits  subject  to  draft. 
Dividends  and  interest  collected  and    remitted.      Act   as   Fiscal   Agents   for   and   negotiate   and   issue   loans 
of   railroads,   street   railways,   gas  companies,  etc.      Securities   bought   and   sold   on   commission. 
j     ^(^  Members    of    New    York    Stock     Exchange. 

Issue  Travelers' 
'  ^^  LETTERS   OF   CREDIT 


^^ 


\ 


Available  throughout  the  world. 


J.  S.   BACHE  &  CO. 

BanKers  and  Brokers 


Q3  Exchange  Place, 


New  York. 


N.  Y.  Stock.  Exchange 
N.  Y.  Cotton  Exchange 
N.  Y.  Coffee  Exchange 


MEMBE-RS    OF 

N.  Y.  Produce  Exchange 
Chicago  Board  of  Trade 
Chicago  Stock.  Exchange 


Philadelphia  Stock  Exchange 
New  Orleans  Cotton  Exchange 
Liverpool  Cotton  Association 


BRANCH     OFFICE,S 

WALDORF-ASTORIA   COURT,  N.  Y.,  and  at  ALBANY,  TROY,  ROCHESTER,  BURLINGTON,  VT., 
MONTREAL,  CANADA,  PHILADELPHIA,  ATLANTIC  CITY,  SARATOGA  SPRINGS, 

and  LIVERPOOL,  ENGLAND. 


DIRECT    PRIVATE    WIRES    TO    ALL    IMPORTANT    CENTERS. 


W.  L.  STOW  &  CO. 

Bankers  and  Brokers 

44    EXCHANGE    PLACE 
Broad   Exchange   Building  NEW    YORK 


WM.  LANINAN  BULL.        FREDERIC  VAN  LENNEP.        FREDERIC  BULL.       HENRY  W.  BULL.       R.  M.  STUART  WORTLEY. 

Edward  Sweet  &  Co. 

....5^nl(ers  and  ^ro\{zrs.... 

38    BROAD    STREET.  NEW     YORK. 


Members   of  the   New   York   Stock   Exchange. 


Private  Wires  to  all  Principal  Cities. 


Dealers  in  High  Grade  Investment  securities. 
List  of  current  offerings  sent  on  application. 


K.  C.  Stanwood  &  Co. 

^  Bankers  ^ 

121    Devonshire    Street,    Boston. 

/T\d9ieipal,  Railroad  apd  Corporation  Bopds 

AND    OTHER    INVESTMENT    SECURITIES. 


CORRESPONDENCE    SOLICITED. 


LISTS     MAILKD    ON    APPLICATION 


Guaranty  Trust  Co*  of  New  York 


Mutual  Life  Building 


NASSAU,  CORNER   CEDAR  STREET. 
LOXDOK  OFFICES,  33  LOMBARD  ST.,  E.  C.     60  ST.  JAMES  ST.  S.  W. 


Fiscal  Agents  of  the 
United  States  Government. 

CAPITAL,  $2,000,000 


Manila,  Philippine  Islands. 
Hong  Kong,  China, 


Depository  of  the  Government  of  the 
Philippine  Islands,  Manila. 


SURPLUS  AND  UNDIVIDED  PROFITS,  $5,180,000 


INTEREST   ALLOWED   ON    DEPOSITS   SUBJECT  TO   CHECK   OR   ON   CERTIFICATE. 

Acts  as  Tru.sire  for  Corporations,  Firms  and  Individuals  ;  and  as  Guardian,  Executor  and  Administrator  ; 
Takes  entire  charge  of  Real  and  Personal  Estates  ;  carefully  selected  securities  offered  for  investment. 


TRAVELERS'    LETTERS   OF   CREDIT   AVAILABLE   IN   ALL   PARTS   OF   THE   WORLD. 
COMMERCIAL    LETTERS   OF   CREDIT    ISSUED. 


Georee  F.  Bal;er. 
GeorccS,  Bnwdoin. 
Augaet  Belmont 
Frederic  Cromwell. 


I>RAFTS  on  all  parts  of  Great  Britain,  France,  Germany,  China  and  Philippines  BOUGHT  and  SOLD. 


WALTER.  G.  OAKMAN,  Presidcut. 
GEORGE  R.  TURNiiDLL.  8d  Yice-PresiUent. 
WM.  C    EDWARDS,  Treasurer. 
E.  O.  HEBB.\RD,  Secretary. 


R.  C.  NEWTON,  Trust  Ofticer 


DIReCTORSi 


ADRIAN  ISELIN.  Jr.,  Vice-Preeident. 
HENRY  A.  MURRAY.  3d  Vice-President. 
.JOHN  GAULT,  Manager  Foreign  Department. 

F.  C.  HARKIMAN,  ABBiftant  Treasurer. 


Walter  R.  Gillette. 
G.  G.  Haven. 
E.  H.  Harriman. 
R.  Somers  Hayes. 


Charles  R.  Henderson. 
Adrian  Iselin,  Jr. 
Augiu^tusD.  Jtiilliaril. 


James  N.  Jarvie. 
Richard  A.  McCurdy. 
Levi  P.  Morton. 


Alexander  E.  Orr. 
Walter  G.  Oakman. 
Henry  H  Rogers. 


H.  McK.  Twombly. 
Frederick  W.  Vanderbili. 
Harry  Payne  Whitney. 


LONDON    COTU^TUYITTSe: 

ARTHtK  J.  ERASER,  Chairman  ;    DON.\LD  C.  HALDBMAN. 


JAS.  H.  OLIPHANT,       -       -     (Memkrs  N.  Y.  Stock  Exchange.j      -  Alfred  l.  norris 


JAS.   H.    OLIPHANT    &   CO. 


BANKERS  AND  BROKERS, 


20    Broad    Street. 


NEW  YORK, 


TELEPHONE,  3907  CORTLANDT. 


Established   1868,  Offices  connected  by  private  wires 


CHARLES     HEAD    &    CO. 

74  State  St.  Boston 

17   Broad  St.       New  YORK 

BANKERS    AND     BROKERS 


Boston  and   New   England  Members  of  the  New  York 

Securities  a  Specialty  and  Boston  Stock  Exchanges 


P  U  C  Id  I Y  INSURANCE 
rnClllA  COMPANY. 

OF    BROOKLYN,    N.  Y. 


NEW   YORK    OFFICE, 
47    CEDAR    ST. 


N.    W.    HALSEY    &    CO. 

BANKERS 

49    WALL     STREET  Atlantic  buildiho  NEW     YORK 


DEALERS    IN 


Bonds  and  Guaranteed  R.  R,  Stocks 

IMegotiato  ©r-itire  ISJow  or  Refunding 
Issues  of"  Railroad,  Street  Railwa>r,  Gas, 
Electric      Light     and     Rower     Connpany    Bonds 

Government  and  Municipal  Bonds  BOUGHT  and  SOLD 

Represented    in    New    England    by 

MERRILL,    OLDHAM    &    CO. 

40   Water    St.,    Boston,    Mass. 


ANALYSIS 


OK 


RAIIvROAD  Rkports 

BEING    A    DETAILED    ANALYSIS,    AND    A    COMPARISON 
IN    TABULATED    FORM!,    OE   THE 

Annual    Reports   of    Railroads 

FOR    THE     LAST    TWO     FISCAL    YEARS. 


>     --        -^BY 


H.^  C?  G.    BARNABY. 


Copyright,  1902,  by  H.  C.  G.  Barnaby. 


METROl'OLITAN   ADVERTISING  CO., 
Distributing  Agents, 


Martin  B,  Krown  Co.,  Printers,  Ntiv  Yorl:.  6  WALL   STREET,  NfW   YorK   CiTY. 


IvATHROP  &  Smith 

Established  in    1879,  at 

37  BROAD  STREET,  NEW  YORK  CITY. 

BANKERS  AND  BROKERS 


Transact  a  General  Stock  Exchange  "Business^  ^  ^ ^ 
Advances  JMade  on  J^eW  Yoric  Stock  Exchange  Collateral 
Special  jittention  GiVen  to  Investment  Securities  ^  4^ 


L.   C.   LATHROP  OSCAR    B.   SV^ITH 

f  N.  Y.  StocK  Exchange 

I  N.  Y.  Cotton  E,xchangc  F»    f\'    CRONISE 


I 


PREFACE. 


Desiring  to  pursue  the  study  of  railroad  finance  along  lines  not  covered  by  any 
available  publioatiou,  I  found  it  necessary  to  prepare  my  own  statistics.  The  result 
may  not  prove  unprofitable  reading.  It  is  here  presented,  with  the  hojje  that 
investors  and  railroad  officials  may  be  interested. 

H.   C.   G.   BARNABY, 


37  Beoad  Street, 

New  Youk  City. 


578626 


Ilfltth  |^mc^;iran  ©vust  ^ompang, 

135    BROADWAY.    NEW    YORK 

Capital  and  Surplus,         -        =        $4,800,000 

TRUSTEES 

Receives  Deposits 

Horace  E.  Andrews 

H.  S.  Black 

Wm.  H.  Chesebrough 

subject  to  Check 

Pays  Interest 

Jonathan  B.  Currey 
Heman   Dowd 

OFFICERS 

on  daily  balances 

R.  L.  Edwards 

Collects  Coupons, 

H.  B.  Hollins 

OAKLEIGH    THORNE. 

Notes.  Checks  and  other 

John  Hone 
James  Jourdan 

President. 

obligations. 

James  S.  Kuhn 

Issues  Certificates 

Charlton  T.  Lewis 

HEMAN     DOWD, 

of  Deposit,  bearing  interest. 

Allan  McCulloh 
Joy  Morton 

WM.  H.   CHESEBROUGH, 

Acts  as  Trustee 

Jos.  J.  O'Donohue,  Jr. 
E.  C.  Potter 
John  J.  Riker 

RICHARD   J.    SCOLES, 

Vice-Presidents. 

of  Mortgage  Bonds  and 
individual  trusts. 

Henry  F.  Shoemaker 
Edwin  Thome 

S.   D.   SCUDDER,  Treas. 

Registrar  and  Transfer 

Oakleigh  Thome 
John  C.  Tomlinson 

G.   M.WYNKOOP,  Sec'y 

Agent 

Warner  Van  Norden 

FRANCIS  C.  PREST, 

Manages  Estates 

Richard  N    Young 

Ass't  Secretary 

as  Receiver.  E.xecutor. 
Administrator  or  Trustee. 

Acts  as  Fiscal  Agent 

EXECUTES  TRUSTS 

for  Underwriting  and 

of  every  description 

1 

Subscriptions 

^ 

INDKX. 


P4SE 

Introductory  Remarks 7 

Physical  Condition 7 

Assets  and  Liabilities 9 

Income  and  Expenses W 

Maintenance  Expenses 11 

Passenger  Traffic 11 

Freight  Traffic 12 

Suggestions 13 

List  of  Analyzed  Railroad  Reports. 

Anu  Arbor  l?ailroad ...  fi3-65 

Atchison,  Topeka  and  Santa  Fe  Railway 26-29 

Baltimore  and  Ohio  Railroad 90-93 

Boston  and  Maine  Railroad 110-L13 

Buffalo,  Rochester  and  Pittsburgh  Railway 110-113 

Burlington,  Cedar  Rapids  and  Northern  Railway 46-49 

Canadian  Pacific  Railway 14-17 

Canadian  Southern  Railway  (see  Michigan  Central  Railroad) 98-101 

Central  of  Georgia  Railway T 138-141 

Central  Railroad  of  New  jersev 123-125 

Chesapeake  and  Ohio  Railway ." 130-133 

Chicago  and  Alton  Railway 74-77 

Chicago,  Burlington  and  Quincy  Railroad 54-57 

Chicago  and  Eastern  Illinois  Railroad 82-85 

Chicago  Great  Western  Railway 74-77 

Chicago,  Indianapolis  and  Louisville  Railway 86-89 

Chicago,  Milwaukee  and  St.  Paul  Railway 54-57 

Chicago  and  North  Western  Railway  . . .  ." 50-53 

Chicago,  Rock  Island  and  Pacific  Railway. 46-49 

Chicago,  St.  Paul,  Minneapolis  and  Omaha  Railway 50-53 

Cleveland,  Cincinnati,  Chicago  and  8l.  Louis  Railway 90-93 

Cleveland.  Lorain  and  Wheeling  Rrdlway '. 66-69 

Colorado  and  Southern  Railway ' 38-41 

Delaware  and  Hudson  Company 1 14-117 

Delaware,  Lackawanna  and  Western  Railroad 114-117 

Denver  and  Rio  Grande  Railroad 30-33 

Erie  Railroad 118-121 

Evan.?ville  and  Terre  Haute  Railroal 83-85 

Fort  Worth  and  Denver  City  Railway 38-41 


PAUE 

Great  Northern  Railway 18-21 

Hocking  Valley  Railroad 62-65 

Illinois  Central  Railroad 86-89 

Iowa  Central  Railway 70-73 

Lake  Erie  and  Western  Railroad •. 103-105 

Lake  Shore  and  Michigan  Southern  Railway 98-101 

Lehioh  Valley  Railroad 126-129 

Long  Island  Railroad 136-129 

Louisville  and  Nashville  Railroad 134-137 

Mexican  Central  Railway .' 142-145 

Michigan  Central  Railroad 98-101 

Minneapolis  and  St.  Louis  Railroad 70-73 

Minneapolis,  St.  Paul  and  Sault  Ste.  Marie  Railway 14-17 

Missouri,  Kansas  and  Texas  Railway 43-45 

Missouri  Pacific  Railway 34-37 

Nashville,  Chattanooga  and  St.  Louis  Railroad 143-145 

New  York  Central  and  Hudson  River  Railroad 106-109 

New  York.  Chicago  and  St.  Louis  Railroad 102-105 

New  York,  New  Haven  and  Hartford  Railroad 106-109 

New  York,  Ontario  and  Western  Railway 1 18-181 

Noithern  Pacific  Railway 18-31 

Norfolk  and  Western  Railway 130-133 

Pennsylvania  Company 94-97 

Pennsylvania  Railroad 94-97 

Pittsburgh,  Cincinnati,  Chicago  and  St.  Louis  Railway 94-97 

Reading  Company 132-135 

Rio  Grande  Western  Railway 30-33 

St.  Joseph  and  Grand  Island  Railway 78-81 

St.  Louis  and  San  Francisco  Railroad 26-29 

St.  Louis  Southwestern  Railway 42-45 

Seaboard  Air  Line  Railway 138-141 

Southern  Pacific  Company. 23-35 

Southern  Railway " 134-137 

Texas  and  Pacific  Railway 34-37 

Toledo,  St.  Louis  and  Western  Railway -. 78-81 

Union  Pacific  Railroad 22-25 

Wabash  Railroad 58-61 

Wheeling  and  Lake  Erie  Railroad 58-61 

Wisconsin  Central  Railway ...  66-69 

Appendix 147 


The  Audit  Compdny  of  New  \)or\{. 


WILLIAM  A.  NASH, 

Vicc-Presit!c-iil. 
JOHN   I.   MITCHELL, 

Vice-  President. 


^VTJGTJST    BELMONT, 

Actins  President. 


THOMAS  L.  GREENE, 
]  'ice-President  and  General  Manager. 


GEORGE  W.  YOUNG, 

Treasurer. 
F.  C.  RICHARDSON, 

Assistant  Treasurer, 


EXAMINATIONS. 


APPRAISALS. 


AUDITS. 


Investigations  for  Financing  and  Underwriting  and  for  Reorganization  Committees. 


AUGUST  BELMONT, 

August  Belmont  &  Co.,  New  York. 
WILLIAM  A.   NASH, 

President  Corn  E.xchange  Bank,  New  York. 
JOSEPH  S.  AUERBACH, 

Davies,  Stone  &  Auerbacli,  New  York. 
GEORGE  G.  HAVEN, 

Banker,  New  York. 
JAMES  STILLMAN, 

President  National  City  Bank,  New  York. 
CHARLES  R.  FLINT, 

Flint  &  Co.,  New  York. 
GEORGE  HARVEY, 

President  Harper  &  Brothers,  New  York. 

NEW  YORK, 

Mutual    Life    Buildings, 

43  Cedar  Street. 


Directors  : 


T.  JEFFERSON  COOLIDGE,  Jr., 

Chairman  of  tlie  Board,  Old  Colony  Trust  Company,  Boston,  Mass. 
GEORGE  W.  YOUNG, 

President  United  States  Mortgage  &  Trust  Company,  New  York. 
A.  J.  CASSATT, 

President  Pennsylvania  Railroad,  Philadelphia,  Penna. 
WILLIAM  B.   LEEDS, 

President  Chicago,  Rock  Island  &  Pacific  Railroad,  New  Y'ork. 
JOHN  I.  WATERBURY, 

President  Manhattan  Trust  Company,  New  York. 
DUMONT  CLARKE, 

President  American  Exchange  National  Bank,  New  York. 


PHILADELPHIA, 

Arcade    Building, 
15th  and  Market  Streets. 


CHICAGO, 

New  York  Life  Building, 
La  Salle  and  Monroe  Streets. 


AINJALVSIS    OF    RAILROAD    REPORTS. 

INTRODUCTORY    REMARKS. 

It  is  probably  because  so  many  dilTereut  methods  of  bookkeeping  are  employed  by  our  railroads  in  presenting  their  annua! 
reports  that  statisticians  have  never  ]iublished  complete  detailed  comparisons  of  these  reports.  In  tlie  first  place,  hardly  more 
than  seventy  i-ailroads  present  reports  detailed  enough  for  close  eompaiison.  As  the  tendency  is  growing  towards  greater 
uniformity  in  railroad  reports,  in  line  with  the  rulings  of  the  Interstate  Commerce  Commission,  we  may  in  future  hope  for  more 
publications  with  the  same  aim  as  has  this. 

I  have  attempted  to  tabnlate  under  convenient  headings  such  facts  as  are  important  to  know  about  all  railroads;  then  to 
rewrite  each  annual  report  to  conform  to  these  tables.  Some  of  the  statistics  presented  have  not  been  in  print  before,  but 
were  obtained  through  personal  correspondence  with  officials  of  the  various  railroads. 

The  tables  of  statistics  for  each  road  occupy  four  pages.  The  tables  are  the  same  for  each  railroad;  they  are  so  ari:anged  as 
to  admit  of  the  statistics  of  two  railroads  to  each  page;  and  so  far  as  possible,  alHliated  railroads  have  been  grouped,  to  facilitate 
comparisons.  The  statistics  cover  the  last  two  iiscal  years.  On  each  page  a  coluii}n  is  left  lalank,  wherein  the  reader  may,  if  he 
so  desire,  insert  the  figures  from  a  later  report. 

There  are  over  eighty-live  items  tabulated  about  each  railroad;  they  are  so  selected  that  any  additional  fact  which  the 
reader  may  wish  to  know  may  be  found  l)y  combining  two  or  more  of  the  facts  given.  Thus  it  is  believed  tliat  these  tables  cover 
every  important  point  about  a  railroad  of  wdiicli  the  annual  reports  make  mention. 

The  following  pages  explain  the  tables  in  detail: 

PHYSICAL   CONDITION. 

Mileage. — Under  "  mileage  owned,  leased  and  controlled  Ijy  ownership  of  stock  "  is  placed  the  total  mileage  in  which 
each  railroad  is  interested,  whether  through  trackage  rights,  joint  management,  or  some  other  form  of  contract;  the  mileage  of 
water  lines,  if  known,  is  included,  or  added  in  a  foot-note. 

Almost  every  railroad  reports  its  "  average  mileage  operated  "  during  tlic  year.  One  aim  of  this  liook  is  to  enable  the 
reader  to  compare  any  two  railroads  mile  for  mile.     It  is  useless   to    attempt,  for   instance,  to    compare    the    total    earnings, 

7 


S  ANALYSIS   OF  RAILROAD  REPORTS. 

expenses,  equipment,  etc.,  of  Ontario  and  Western  and  New  York  Central.  The  latter  road  is  sev(?n  times  as  long  as  the  former. 
But  if  you  know  the  earnings,  the  traffic,  the  equipment,  the  ballast — for  each  mile  of  road  operated — you  can  compare  the  two 
quite  readily. 

B.VLLAST. — All  too  few  railroads  report  fully  the  conditions  of  their  roadbeds.  Under  the  headings,  "  mileage  ballasted  " 
and  "  mileage  of  various  kinds  of  ballast ",  are  included,  wherever  the  facts  are  known,  the  ballasted  mileage  of  second  tracks 
and  sidings  as  well  as  of  single  track.  • 

Second  Tback. — As  all  of  the  statistics  here  given  are  based  on  the  "  average  mileage  operated  "  of  single  track,  careful 
notice  should  be  taken  of  the  "  mileage  of  second,  third  and  fourth  main  tracks."  All  per  mile  statistics  of  roads  having  a 
considerable  percentage  of  second,  third  and  fourth  tracks  must  needs  be  larger  than  those  of  a  road  with  no  second  track. 

Ties. — Many  and  varying  estimates  have  been  made  of  the  number  of  cross-ties  that  should  be  used  in  renewals  every 
year,  in  a  single  mile  of  railroad.  The  average  life  of  a  tie  depends  upon  the  geographical  location,  the  kind  of  wood,  the 
ballast,  and  so  on.  Bearing  in  mind  the  additional  requirements  of  double-tracked  roads,  the  "  number  of  ties  renewed  in  track 
per  mile  "  should  be  interesting  as  an  indication  of  physical  condition. 

Eails. — Wlierever  the  distribution  of  the  various  weights  of  rails  is  recorded  in  the  annual  report,  the  mileage  of  the 
principal  weights  is  given  here.  The  distribution  of  rails  in  second  tracks  and  sidings  is  included  if  known.  Do  not  condemn 
a  railroad  for  having  light  rails  unless  the  density  of  its  traflB.c  is  great  enough  to  demand  heavier  rails.  It  woidd  be  as  wasteful 
to  equip  St.  Louis  Southwestern  entirely  with  one  hundred  pound  rails  as  it  would  be  to  attempt  to  care  for  the  traffic  of 
Pennsylvania  on  a  roadbed  laid  with  fifty  pound  rails. 

Equipment." — Under  the  headings  showing  locomotives,  freight  cars  and  passenger  cars  owned,  per  mile,  is  grouped  all 
equipment  owned,  leased  or  purchased  on  credit  and  held  under  equipment  trust  agreements.  Figures  for  locomotive  equipment 
exclude,  wherever  the  reports  are  sufficiently  clear,  all  locomotives  used  for  maintenance  of  roadway  and  other  service  to  the 
company.  The  same  distinction  is  made  as  to  freight  cars.  All  cars  in  passenger  train  service,  including  baggage,  mail  and 
express  cars,  are  included  as  passenger  cars.  The  traffic  density  of  each  railroad  should  be  investigated  as  indicative  of  the 
requirements  in  the  way  of  equipment. 


ANALYSIS    OF   RAILROAD    REPORTS.  9 

ASSETS   AND    LIABILITIES. 

Capital  Stocks  and  Bonds. — "'  Stocks  outstanding,  per  mile,"  includes  only  that  stock  which  is  in  the  hands  of  the 
puhlic.  Treasury  stock  is  always  deducted.  The  same  is  true  with  regard  to  bonds.  Under  "  bonds  outstanding  "  are  included 
guaranteed  bonds  and  all  equipment  trust  notes  excepting  such  as  are  current  liabilities. 

Investments. — Each  railroad's  report  of  stocks  and  bonds  owned  has  been  carefully  examined.  All  stocks  and  bonds  of 
constituent  parts  of  the  road  in  question  have  been  deducted.  The  object  has  been  to  exclude  investments  in  securities  of 
those  companies  which  contribute  to  gross  earnings  and  to  include  only  such  investments  as  contribute  to  "  miscellaneous 
income  ".  For  instance,  Missouri  Pacific,  in  its  list  of  securities  owned,  includes  the  stock  of  the  Central  Branch  Eailway. 
But  the  mileage  of  the  Central  Branch  Eailway  is  included  in  the  mileage  of  the  Missouri  Pacific  system,  and  its  gross  earnings 
are  also  there  included.  On  the  other  hand,  Missouri  Pacific's  holdings  of  Texas  and  Pacific  second  income  bonds  increase, 
not  the  former's  gross  earnings,  but  add  to  "  miscellaneous  income  "  ;  and  the  mileage  of  Texas  and  Pacific  is  not  included 
in  the  Missouri  Pacific  system.  Therefore,  the  holdings  of  Central  Branch  Railway  stock  are  not  included  and  the  holdings 
of  Texas  and  Pacific  income  bonds  are  included  in  the  analysis  of  Missouri  Pacific,  under  the  heading  "  various  stocks  and 
bonds  in  treasury,  per  mile  ".  There  is  no  uniformity  shown  in  stating  the  value  of  the  investments.  Some  railroads  include 
their  investments  in  their  balance  sheets,  at  cost;  some  at  their  par  value;  others  at  a  book  value  or  estimated  value;  still  others 
make  no  statement  of  the  basis  of  valuation  used.  Wherever  the  report  makes  it  clear  which  method  of  valuation  is  employed, 
a  foot  note  is  added  to  the  tables.  How  little  reliance  may  be  placed  upon  the  average  railroad's  report  of  its  investments  is 
evidenced  by  the  report  of  the  Chicago  and  North  Western  for  1 903,  wherein  an  investment  in  147,000  shares  of  Chicago,  St. 
Paul,  Minneapolis  and  Omaha  capital  stock  is  valued  at  $10,000,000 — not  one-half  of  its  market  value. 

Fixed  Charges. — Under  fixed  charges  are  included  taxes,  rentals,  and,  in  most  cases,  sinking  fund  payments  and 
insurance  charges^in  short,  all  charges  that  must  be  paid  before  debenture  or  income  bond  interest,  or  stock  dividends  are 
distributed.  If  actual  bankruptcy  should  threaten  any  of  the  railroads,  some  of  the  charges  included  as  fixed  could  be  eliminated. 
As  fixed  charges  include  all  charges  ahead  of  dividend  payments,  the  "  charges  ahead  of  common  stock  "  are  simply  the  fixed 
charges,  plus  the  full  dividend  requirements  of  all  the  preferred  stocks,  income  and  debenture  bonds  outstanding. 

Ccrrent  Assets  and  Current  Liabilities. — Perhaps  this  work  is  too  critical  in  its  treatment  of  current  assets.  Every 
report,  however,  has  been  treated  alike.    The  aim  is  to  show  how  much  actual  cash  is  on  hand  or  is  collectable  on  demand. 


10  ANALYSIS    OF    RAILROAD    REPORTS 

The  value  of  *  material  and  siipplies  on  hand  has  been  excluded.  The  same  with  *  investment  holdings — which  might  indeed  be 
disposed  of  to  meet  immediate  money  requirements — ^but  of  which  record  has  already  been  made.  Current  liabilities  include 
all  bills,  taxes  and  interest  payments  due  and  accrued.  Whenever  railroads  report  reserve  funds,  sinking  funds,  insurance  funds, 
etc.,  which  in  the  balance  sheets  are  recorded  as  liabilities,  these  funds  are  excluded  from  current  liabilities.  The  money  or 
investments  representing  these  funds  is  by  a  few  roads  reported  separately  as  a  contingent  asset.  In  such  cases  the  amount  is 
not  included  in  current  assets. 

Total  Surplus. — All  railroads  balance  their  asset  and  liability  accounts  by  the  addition  of  a  profit  and  loss  surplus. 
Because  of  the  different  methods  of  bookkeeping  in  use,  this  item  is  of  but  little  value.  Many  people,  however,  concede  much 
importance  to  the  item  of  "  total  surplus  ";  it  is  therefore  recorded  here.  Eailroads  have  such  difEerent  methods  of  charging  off 
large  or  small  sums  for  depreciation,  that  oftentimes  the  company  in  the  stronger  financial  condition  reports  the  smaller  surplus, 
and  vice  versa. 

Eeserve  Funds. — Many  companies  have  special  "  reserve  funds  foT  betterments  ",  which  consist  of  appropriations  from 
income  as  well  as  from  capital  account.  Expenses  for  new  equipment,  additions  to  property,  etc.,  are  often  charged  to  these 
funds. 

INCOME    AND    EXPENSES. 

Gboss  Earnings. — The  test  of  over-capitalization  is  often  found  in  the  "  percentage  of  gross  earnings  to  capital  ". 

Expenses. — Some  companies  include  taxes  in  their  reports  of  expenses;  some  do  not.  Therefore,  the  "  percentage  of 
expenses  to  gross  earnings ",  as  reported  by  railroad  companies,  is  often  misleading.  The  reports  are  here  made  uniform, 
expenses  appearing  exclusive  of  taxes.  An  important  matter  is  the  consideration  of  the  component  parts  of  a  railroad's  expense 
account.  The  sum  expended  for  conducting  transportation  and  for  general  expenses  shows  the  economy  of  operation.  The 
expenses  for  maintenance  of  way  and  of  equipment  show  how  much  is  reinvested  in  the  property  to  offset  depreciation  and  to 
provide  for  new  business.  The  percentages  of  these  items  to  earnings  and  to  expenses  provide  matter  for  help'ful  study. 
Almost  every  railroad  reports  its  expenses  in  sufficient  detail  for  close  investigation.  Rememljer  that  density  of  traffic  has  an 
important  bearing  on  maintenance  requirements. 

Miscellaneous  Income. — Under  "  additional  miscellaneous  income  "  are  included  receipts  from  investments,  from 
rentals,  from  coal  properties,  from  water  lines — all  receipts  that  are  not  results  of  the  direct  operation  of  the  railroad. 

•  This  Is  in  accordance  wltli  the  rulings  of  the  Interstate  Commerce  Commission. 


ANALYSIS    OF    RAILROAD    REPORTS.  11 

Surplus. — The  surplus  of  a  railroad  during  any  fiscal  year  is  rightly  the  amount  remaining  after  the  payment  of  all 
fixed  charges.  But  often,  from  this  surplus,  appropriations  are  made  for  various  betterments  and  for  reserve  funds.  The 
"  surplus  earnings,  per  mile  ",  as  reported  in  this  book  are  after  all  such  appropriations  have  been  made;  in  each  case  the  amount 
of  such  appropriation  is  added  in  a  foot  note,  and  the  real  surplus  that  could  be  made  available  for  dividends  is  the  sucm  of  the 
two  items. 

MAINTENANCE    EXPENSES. 

A  fair  comparison  of  the  maintenance  expenses  of  different  companies  is  very  difficult.  Maintenance  expenses  per  nule 
of  road,  differ  because  of  the  density  of  traffic.  To  report  these  expenses  per  train  mile,  as  some  roads  do — that  is,  to  report  the 
amount  expended  in  maintenance  for  each  mile  rixn  by  a  train — is  not  fair,  partly  because  of  the  varying  lengths  and  loads  of 
trains.  The  best  measure  of  maintenance  is  probably  the  ton  mile — or,  in  other  words,  the  amount  expended  for  each  ton 
hauled  one  mile.  Here  again  there  is  a  discrepancy,  for  the  greater  the  density  of  traffic — that  is,  the  greater  the  number  of 
ton  miles — the  smaller  will  be  the  amount  expended  per  ton  mile.  Then  again,  the  ton  mile  refers  only  to  freight  density;  this 
fact  alters  the  value  of  the  measure  only  in  the  case  of  a  railroad  in  which  the  proportion  of  freight  traffic  to  total  traffic  is  at 
variance  with  the  general  average. 

The  amount  of  money  expended  upon  each  locomotive,  each  freight  car  and  each  passenger  car,  for  maintenance  during 
the  year,  is  governed  by  the  age  of  the  equipment,  the  density  of  traffic  and  the  miles  run  by  each  locomotive  or  car.  The 
maintenance  expenses  per  mile  run  afford  the  best  measure  of  the  efficiency  of  maintenance  and  are  here  given.  Figures  for 
"  service  "  locomotives  and  freight  cars  are  omitted. 

PASSENGER    TRAFFIC. 

In  most  books  and  treatises  on  railroad  matters,  investigation  is  limited  to  earnings  and  expenses.  The  details  of 
passenger  traffic  and  of  freight  traffic  are  quite  generally  ignored.  And  yet  the  management  of  traffic  is  often  the  all  important 
point,  indicating  the  cause  of  success  or  of  failure.  The  statistics  of  traffic  have  therefore  been  made  as  complete  as  possible, 
although,  xmfortunately,  many  railroads  fail  to  give  complete  returns  on  these  points. 

The  density  of  passenger  traffic  is  found  in  the  number  of  "  passenger  miles,  per  mile  ".  The  unit  of  measure  is  the 
passenger  mile.  The  total  passenger  miles  of  any  railroad  equals  the  number  of  passengers  carried  multiplied  by  the  average 
distance  that  each  passenger  travels. 


13  ANALYSIS    OP     RAILROAD     REPORTS. 

The  "  passenger  train  mileage  "  is  exclusive  of  the  mileage  of  mixed  trains,  unless  the  report  otherwise  directs.  The 
Interstate  Commerce  Commission  rules  that  mixed  train  mileage  be  included  in  both  passenger  and  freight  train  mileage. 
Very  few  railroads,  however,  have  as  yet  included  it  in  passenger  train  mileage  and  the  items  dependent  thereon. 

The  "  passenger  car  mileage  "  includes  the  mileage  of  express,  of  baggage  and  of  mail  cars — of  all  cars  iised  in  passenger 
trains.    The  "  average  number  of  cars,  per  passenger  train  ",  also  inchxdes  all  classes  of  cars. 

The  "  average  number  of  passengers,  per  car  ",  has  been  found  by  dividing  the  number  of  passengers  per  train  by  the 
total  number  of  cars  of  all  kinds  in  each  passenger  train.  It  would  have  been  better  to  have  divided  by  the  number  of  actual 
passenger  cars,  and  thus  to  have  given  the  correct  average  of  passengers  per  passenger  car.  Too  few  railroads,  however,  furnish 
the  statistics  requisite  for  this  latter  arrangement. 

"  Gross  earnings,  per  passenger  ",  and  gross  earnings,  per  passenger,  per  mile  traveled  ",  include  only  those  earnings 
contributed  directly  by  passenger  traffic.  "  Gross  passenger  earnings,  per  train  mile  ",  and  "  per  car  mile  ",  include  baggage, 
mail  and  express  earnings. 

FREIGHT   TRAFFIC. 

The  analysis  of  freight  traffic  excludes  all  "  company  freight ",  and  refers  only  to  revenue  producing  freight.  The  ton 
mile  is  the  unit  for  measuring  the  density  of  freight  traffic. 

"  Locomotive  mileage  "  includes  both  passenger  and  freight  locomotives ;  but  "  service  "  locomotive  mileage  is  excluded. 
So  also  is  "  work  "  train  mileage  excluded,  in  the  consideration  of  "  freight  train  mileage  ".  It  is  unfortunate  that  helping 
engine  mileage  is  separately  reported  by  but  very  few  railroads.  It  would  be  a  most  useful  item  to  insert  in  the  tables  at  this 
point,  for  it  is  important  to  know  the  proportion  of  helping  engine  mileage  to  freight  train  mileage.  Whenever  the  figures  are 
known  a  foot-note  states  the  amount  of  helping  freight  engine  mileage.  Although  it  is  possible  to  approximate  the  amount  of 
helping  engine  mileage  in  several  cases,  it  is  stated  here  only  when  it  is  correctly  known.  Unless  the  reports  directs  otherwise, 
mixed  train  mileage  is  included  in  "  freight  train  mileage  ". 

The  statistics  of  "  locomotive  mileage,  per  locomotive  ",  "  freight  car  mileage,  per  car  ",  and  "  per  car,  per  day  ",  as  well 
as  the  statistics  of  "  passenger  car  mileage,  per  car  ",  are  useful  in  determining  the  work  done  by  equipment.  The  length  of 
the  railroad  and  the  character  of  the  freight  hauled,  influence  the  mileage  of  freight  cars,  per  car.  Unfortunately,  very  few 
railroads  distinguish  in  their  reports  between  the  mileage  contributed  by  their  own  cars  and  the  mileage  of  foreign  cars.  The 
figures  given  here  show  the  average  mileage  of  each  railroad's  cars  on  its  own  system.  Wherever  simply  the  total  mileage  of  all 
freight  cars  is  reported,  I  have  divided  this  total  by  the  average  number  of  freight  cars  in  use  during  the  year — or  when  the 


ANALYSIS    OF    RAILROAD    REPORTS.  J3 

average  is  not  given,  then  by  the  total  number  owned — and  have  in  each  case  added  a  foot-note,  "  report  not  clear  on  this 
point ".  The  only  excuse  for  using  these  figures  at  all,  vrhen  they  are  admittedly  wrong,  is  that  they  are  nearly  right — probably 
a  little  higher  than  the  correct  figures :  this  is  because  the  mileage  of  a  railroad's  cars  on  foreign  systems  often  about  counter- 
balances the  mileage  of  foreign  cars  on  the  home  system.  So  few  railroads  report  fully  on  these  points,  that  the  above  is  the 
only  apparent  way  of  approximating  the  facts. 

In  recording  the  principal  articles  of  freight  carried,  merchandise  is  grouped  under  manufactures. 

The  remaining  items  need  no  explanation.  Of  course  the  average  number  of  tons  per  train  and  per  car,  as  well  as  the 
average  number  of  passengers  per  train  and  per  car,  are  the  average  number  for  each  mile  run  by  trains  or  by  cars. 

SUGGESTIONS. 

This  book  makes  no  pretense  of  giving  all  necessary  information  about  railroad  finance.  Hundreds  of  books  are  issued, 
all  more  or  less  alike,  covering  points  not  mentioned  herein.  Such  literature  is  at  every  hand,  and  its  repetition  here  would  make 
this  book  too  cumbersome.  The  mission  of  this  work  is  to  cover  new  ground;  to  supply  statistics  which  are  important,  but  all 
too  much  neglected;  and  to  answer  questions  that  investors  ask.  For  reference,  however,  by  those  who  have  no  other  books  at 
hand,  an  appendix  containing  some  general  facts,  is  added. 

There  are  more  than  eleven  thousands  statistics  in  this  book.    An  occasional  error  should  be  excused. 

It  is  not  feasible  in  the  previous  pages  to  define  fully  the  meaning  and  significance  of  each  item  in  the  tables.  Every 
investor  should  be  familiar  with  the  meaning  of  the  terms  used.  For  further  information  along  this  line,  I  can  do  no  better 
than  to  refer  you  to  Mr.  Thomas  F.  Woodlock's  excellent  book,  "  The  Anatomy  of  a  Railroad  Report ". 

Just  a  word  on  the  general  use  of  the  tabulated  statistics.  Do  not  lay  too  much  stress  upon  the  importance  of  a  single 
item.  Do  not  conclude  that  a  railroad  is  too  heavily  capitalized,  for  instance,  until  you  have  examined  the  investments  held 
in  the  treasury,  and  have  noted  the  percentage  of  gross  earnings  to  capital.  Do  not  decide  that  the  rate  received  from  freight, 
per  ton  mile,  is  too  small,  unless  you  have  carefully  examined  the  character  of  the  freight  that  is  carried,  and  the  amount  carried 
per  train—or  the  train-load.    And  so  on.    Study  the  annual  reports  and  use  these  tables  to  help  you  analyze  and  compare  them. 

After  careful  study,  the  reader  should  be  able  to  sum  up  all  the  facts  recorded  and  to  acquire  a  clear  conception  of  the 
present  condition  of  any  of  the  railroads. 

These  tables  analyze  the  roads  as  they  are  to-day,  after  years  of  development  and  progress.  Their  characteristics  ought 
not  to  change  so  completely  as  to  nullify  the  value  of  these  statistics  for  some  years  to  come. 


14 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of    Physical  Condition. 


Kanie  of  Rttilroad. 


year  ending  . 


1  Mileage  owned. , 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  various  kinds  of  ballast. 


6  Mileage  of  second,  third  and  fourth  main  tracks. 

7  Mileage  of  yard  and  side  tracks 

8  Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails. , 


10  Number  of  Locomotives  owned,  per  mile 

1 1  Average  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 


CANADIAN  PACIFIC. 


June  31, 1901. 


June  31, 1902. 


4,878 

10,333 

7,363 


5,09B 
10,6.«3 

7,588 


855 


tiO,  72  and  80  lbs.  per  yd. 

.094 
^.66 


.107 


J 
.098 


MINNEAPOLIS,  ST.  PAUL  &  SAULT  STE. 
MARIE. 


June  30, 1901. 


=  ! 


10 

11 

12 
13 
14 


l,30;i 
1,330 
l,3ia 


June  30,  19(B. 


i,4ia 

1,431 
1,396 


171 


60,  72  and  80  lbs.  per  yd. 


.076  1 


.076 


.094 


ANALYSIS  OF   RAILROAD   REPORTS. 
Statistics   of — Assets   and    Liabilities— Income   and    Expenses. 


15 


yanie  of  Sailroad . . 


TeaT  eiidinr/. 


ASSETS  AND  LIABILITIES. 

1  Stocks  ontttanding.  per  mile 

3  Bonds  outetanding,  per  mile 

3  Total  Stocks  and  Bonds,  per  mile 

4  Varions  Stocks  and  Bonds  in  Treasury,  per  mile 

5  Fixed  Charges,  including  Taxes,  per  mile 

C  Percentage  of  Fixed  Charges  and  Taxes  to  Earnings 

7  Charges  ahead  of  Common  Stock,  per  mile 

8  Amount  of  Common  Stock  outstanding,  per  mile 

9  Total  Current  Assets 

10  Total  Current  Liabilities 

1 1  Total  Surplu  s 

13  Total  Surplus,  per  mile 

13  Reserve  Funds,  for  Betterments,  per  mile 

INCOnE  AND  EXPENSES. 

14  Gross  Earnings,  per  mile 

15  Percentage  of  Gross  Eaniings  to  Capital 

16  Expenses,  per  mile 

17  Percentage  of  Expenses  to  Gross  Earnings 

18  Net  Earnings,  per  mile 

19  Additional  Miscellaneous  Income,  per  mile 

20  Expenses  for  Maintenance  of  Way  and  Structure,  per  mUe 

21  Expenses  for  Maintenance  of  Equipment,  per  mile 

22  Percentage  of  Gross  Earnings  for  Maintenance 

23  Percentage  of  Expenses  for  Maintenance 

24  Expenses  for  Conducting  Transportation,  per  mile 

25  General  Expenses,  per  mile 

26  Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. . . 

27  Surplus  Earnings,  per  mile 

28  Percentage  of  Gross  Earnings  for  Surplus 

29  Betterments  charged  to  Reserve  Funds,  per  mile 


CANADIAN  PACIFIC. 


Jl-NE  30,  1901. 


June  30, 190:;. 


a  30,698 

8,e04 

39,302 

5,033 

966 

33. G 

1.138 

8, .594 

14,060,405 

6,193,131 

11,133,561 

1,471 


4,080 

14 

3,479 

60.75 
1,601 
123 


rf758 
18.5 


(I  33,053 

8,391 

31,443 

b  5.469 

967 

19.0 

1,131 

9,571 

18,666,390 

7,692,365 

14,185,635 

1,869 


4,942 
16.3 

3,086 
62.44 

1,856 
136 


1/1,016 

30.6 


MINNEAPOLIS,  ST.  PAUL  &  SAULT  STE. 
MARIE. 


.Tune  30,  1901. 


9 
10 
11 
13 
13 

14 
15 
Hi 
17 
IS 
19 
30 
21 
33 
83 
24 
25 
30 
27 
28 
29 


16,006 

86,053 

43,058 

115 

1.354 

36.4 

1,627 

10,071 

3,385,813 

3,103,356 

988,753 

754 


3,443 

8.3 
1,954 

56.1 
1,488 
15 
473 
363 
24.3 
43.8 
1,030 
88 
32.5 
350 


Jl'NE  30,  luOri. 


a  Inclading  debenture  stock  (4^)  amountine  to  $7,981  per  mile  io  1901  and  $8,374  per  mile  in  1903.    The  interest  is  treated  as 

4  Canadian  PaciBc  owns  18,603,033  acres  of  land. 

<:  Canadian  Pacific  does  not  classify  expenses  as  our  Interstate  Commerce  Commission  recommends. 

dCanadiin  Pacific  receives  additional  income  from  subsidies  and  from  land  sales  :  this  income  is  applied  to  improvements. 

in  1903,  $515  per  mile. 
€  After  deducting  $215  per  mile  appropriated  for  betterments. 


15,043 

34,813 

39,856 

103 

1,239 

37.8 

1,590 

10,029 

1,943,817 

1,913,387 

2,275,355 

1,630 

170 

4,456 

11.2 
2,107 

47.3 
3,349 
35 
490 
373 
19.4 
41 
1,144 
100 
27.9 
«933 
20.7 
45 
a  fixed  charge. 


The  amount  in  1901  was  $145  per  mile  ; 


18 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of — Maintenance— Passenger  Traffic. 


Xante  of  Railroad. 


Tear  ending. 


MAINTENANCE  EXPENSES. 

1  Maintenauce  of  Way  and  Structure,  per  ton  mile cents 

2  Maintenauce  of  Equipment,  per  t^n  mile cents 

8  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freight  Care,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

6  Maintenauce  of  Passenger  Care,  per  car,  per  mile  ran cents 

7  Maintenauce  of  Freight  Cars,  per  car,  per  mile  ruu cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run  —  cents 

PASSENGER  TRAFFIC. 

9  Number  of  passengers  curried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

1'2  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car  

14  Average  number  of  cars,  per  passenger  train 

l.'i  Average  number  of  passengers,  per  passenger  train 

16  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 


CANADIAN  PACIFIC. 


June  30,  1901. 


5T3 

55,448 

1,087 


96.6 
186.44 
1.93 
127.47 


June  30,  1902. 


638 

70,477 

1,094 


111.5 
195.13 
1.75 
135.94 


MINNEAPOLIS,  ST.  PAUL  &  SAULT  STE. 
MARIE. 


June  30,  1901. 


10 
II 
12 
13 
14 
15 
16 
17 
18 
19 
20 
21 
22 


.116 
.089 
904 
»8 
1,704 

1.04S 
.4S6 


364 

30,005 

rt  953 

4,681 

^^e.soi 

a  4.92 
rt32 

a  6.5 

82.37 

183 

2.22 
a  95.34 
a  19.38 


June  30,  1903. 


.118 

1 

.084 

2 

738 

.■5 

27 

4 

1,757 

.■j 

.928 

6 

.388 

7 

433 

41,568 

a  955 

4,891 

78,481 

0  5.13 


a  44 
a  8.7 
96.05 
208 
3.17 
(  120.79 
a  23.59 


(I  In  determining  these  items,  mixed  train  mileage  is  included  as  passenger  t 
in  1603  to  182  miles. 


rain  mileage.    Mixed  train  mileage  per  mile  operated  amounted  in  1901  to  188  miles,  and 


ANALYSIS  OF  RAILROAD  REPORTS. 


1? 


Statistics   of    Freight   Traffic. 


Name  of  Jtailroad.. 


Tear  ending. 


Number  of  revenue  tons  carried,  per  mile  

Revenue  ton  miles,  per  mile 

Freight  train  mileage,  per  mile 

Locomotive  mileage,  per  mile 

Freight  car  mileage,  per  mile - 

Locomotive  mileage,  per  locomotive 

Freight  car  mileage,  per  car 

Freight  car  mileage,  per  car,  per  day 

Average  number  of  all  freight  cars,  per  freight  train 

Average  number  of  empty  freight  cars,  per  freight  train 

Percentage  of  loaded  car  mileage  to  totnl  car  mileage 

Average  revenue  tons,  per  freight  train 

Average  revenue  tone,  per  loaded  car 

Average  revenue  tons,  per  loaded  and  empty  car 

Average  distance  of  haul,  per  ton  of  freight miles 

Gross  earnings,  per  ton cents 

Gross  earnings,  per  ton,  per  mile  hauled cents 

Gross  freight  earnings,  per  train  mile cents 

Gross  freight  earnings,  per  car  mile cents 

Percentage  of  freight  expenses  to  earnings 


21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each  | 


CANADIAN  PACIFIC. 


June  30, 1901. 


946 

315,170 

1,37'? 


889 


333.8 
263.83 
.79 
188.85 


JllNB  30, 1903. 


1,156 

438,034 

1,696 


240.6 


370.3 
377.73 
.75 
188.64 


MINNEAPOLIS,  ST.  PAUL  &  SAULT  STE. 
MARIE. 


June  ;30,  1901. 


3 

4 
.5 
(i 
7 
H 
9 
10 
11 
Vi 
13 
U 
1.-. 

ICi 

ir 

IK 
19 

an 


3,366 
407,687 
a  1,397 

35,493 

ft  6,574 
b  18 
37.37 
6.73 
75.4 
314.49 
15.84 
11.5 
179.94 
110 

.617 
194.25 
7.10 


June  30, 1902. 

2,317 
443.376 
a  1,405 

39,283 

6  0,950 
ft  19  1 
•J  7.95 
0.75 
76.4 
314.88 
14.85 
11.6 
191.01 
141 

.739 
833 
8.34 


a  Mixed  train  mileage  is  included  with  freight  train  mileage  as  well  as  with  passenger  train  mileage, 
ft  Report  not  clear  on  this  point. 


18 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of  Physical  Condition. 


Name  of  Railroad . 


Tear  endinff . 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. . 

3  Average  mileage  operated 

4  Mileage  ballasted , 


5    Mileage  of  vnriolle  kinds  of  ballast. 


6  Mileage  of  second,  third  and  fourth  main  tracks  . 

7  Mileage  of  yard  and  side  tracks 

8  Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  railn. 


I 
I 

to  Number  of  Loconiotivee  owned,  per  mile 

1 1  Average  tractive  power  of  Locomolives poundg 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Care poundb 

14  Number  of  Passenger  Cars  owned,  per  mile 

15  Aggregate  length  of  wooden  bridges feet 


NORTHERN  PACIFIC. 


June  30,  1901. 


5,363 
5,649 
5,100 


61 

1,486 

418 


June  30,  1903, 


5,453 
5,750 
5,019 


6ri 
1,5?6 


a,374 66  lbs.  per  yd 3,065  | 

l,!iti!t 66  lbs.  per  yd 1,173  \ 

1,179 73  lbs.  per  yd 1.437  I 


.138 


.l.')9 


5.36 
Sl.SOO 

.116 
437,130 


6.33 
54,800 

.l.'!6 
391,567 


GREAT  NORTHERN. 


June  30,  1801. 


5    -I 


10 
11 
13 
13 
14 
15 


3,803 
5,451 

5,303 


HI 
998 


June  30,  KKM. 


.108 


4.3 


3,799 
5,849 
5,!t49 


81 
1,116 


10 
11 
13 
13 
14 
13 


ANALYSIS    OF    RAILROAD    REPORTS. 
Statistics  of — Assets  and   Liabilities — Income  and   Expenses. 


19 


yanie  of  Railroad,. 


NORTHERN  PACIFIC. 


GREAT  NORTHERN. 


Tear  enditiff . 


June  30,  1301. 


ASSETS  AND  LIABILITIES. 

Stock8  outstanding,  per  mile  

Bonds  outstanding,  per  mile 

Total  Stocks  and  Bonds,  per  niUe 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings.. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile  


30,39>S 
31,310 
64,703 
a  1,324 
1,461 

!*a.9 

3,049 

1.^,686 

13,939,638 

7,811,831 

6,507,433 

1,376 

1,.513 


INCOME  AND  EXPENSES. 

Gross  Earnings,  per  mile 6,384  8,346  14  5,450  6,864 

Percentage  of  Gross  Earnings  to  Capital ; 9.9  9.4  15  14  10.9 

Expenses,  per  mile 3,363  4,341  16  3,046  3,389 

Percentage  of  Expenses  to  Gross  Eaminge 51.1  51.4  17  53.88  49.37 

Net  Earnings,  per  mile 3,131  4,005  18  3,404  3,475 

Additional  Miscellaneous  Income,  per  mile 146  168  19  366  419 

Expenses  for  Maintenance  of  Way  and  Strnclnre,  per  mile 1,039  1,348  20  846  896 

Expenses  for  Maintenance  of  Equipment,  per  mile 483  678  21  453  519 

Percentage  of  Gross  Earnings  tor  Maintenance 33.7  24.6  23  33.8  30.6 

Percentage  cf  Expenses  for  Maintenance 46.3  47.8  2.3  43,6  41.8 

Expenses  for  Conducting  Transportation,  per  mile 1,581  3,030  24  1,490  1,699 

General  Expenses,  per  mile 171  194  25  357  375 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses 37.4  36.7  26  33.1  38.9 

Surplus  Earnings,  tier  mile J  1,807                      i<  3,003  27  1,875  3,.'j64 

Percentage  of  Gross  Earnings  for  Surplus 38.3  34.3  28  34.4  37.4 

Betterments  charged  to  Eeser\'e  Funds,  per  mile c  988  1,370  29 

rt  Book  A-alue. 

b  After  appropriating  $394  per  mile  for  beltermeiits  in  lOOi  and  $r)98  per  mile  in  190:^. 

c  Approximate. 

(/Cost  to  Company. 

e  Exclusive  of  bonds  redeemed  through  sinking  funds,  total  being  $8,317,400  up  to  June  ,30, 1901.  or  .$l,.">99  per  mile,  anil  $9,3'J9,100  up  lo  June  30,  1902.  or  $1. 

»"  After  deducting  $381  per  mile  appropriated  for  betterments.    This  is  the  surplus  of  the  entire  Great  Northern  system,  as  all  figures  in  this  analysis 
entire  operated  mileage. 


June  30,  1902. 


JUNB  80, 1901. 


30,883 

57,003 

87,885 

a  34,138 

1,573 

19.1 

1,573 

30,883 

13.444,434 

9,058,705 

8,054,710 

1,605 

366 


10 
11 
12 
13 


30,670 

18,614 

39,384 

d  6,505 

893 

16.4 

895 

30,588 

10,163,197 

11,113,719 

7,000,587 

1,364 

305 


June  30, 1902. 


33,683 

39,183 

63,865 

a  38,491 

949 

13.8 

949 

33,596 

10,911,130 

6,150,484 

e  11,079,101 

3,111 

577 


r77  per  mile, 
are  for  tU? 


20 


ANALYSIS   OF  RAILROAD   REPORTS. 


Statistics  of  Maintenance — Passenger  Traffic. 


Ifame  of  Railroad. 


Year  ending. 


HAINTENANCE  EXPENSES. 

Maintenance  of  Way  and  Structure,  per  ton  mile cents 

Maintenance  of  Equipment,  per  ton  mile cents 

Maintenance  of  Pngsenger  Cars,  per  car 

Maintenance  of  Freiglit  Care,  per  car 

Maintenance  of  Locomotives,  per  locomotive 

Maintenance  of  Passenger  Care,  per  car,  per  mile  run cents 

Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

Maintenance  of  Locomotives,  per  locomotive,  per  mile  run cents 

PASSENGER   TRAFFIC. 

Number  of  passengers  carried,  per  mile 

Passenger  miles,  per  mile 

Passenger  train  mileage,  per  mile 

Passenger  car  mileage,  per  mile 

Passenger  car  mileage,  per  car 

Average  number  of  cars,  per  passenger  train 

Average  number  of  passengers,  per  passenger  train 

Average  number  of  passengers,  per  car 

Average  distance  traveled,  per  passenger miles 

Gross  earnings,  per  passenger cents 

Gross  earnings,  per  passenger,  per  mile  traveled cents 

Gross  passenger  earnings,  per  train  mile cents 

Gross  passenger  earnings,  per  car  mile cents 

Percentage  of  passenger  expenses  to  earnings 


NORTHERN  PACIFIC. 


June  30,  1001. 


.315 
.101 
U04 
36 
1,800 

.»35 
.411 
4.66 

64? 

60,553 

1,003 

7,503 

64,639 

7.3 

a  51.8 

6.0 

9J.6 

313 

3.37 
168.18 
33.43 


JUHE  20,  1902. 


.305 

1 

.103 

'Z 

584 

8 

41 

4 

3,039 

5 

.893 

0 

.446 

7 

3.07 

8 

835 

80,003 

1,311 

8,891 

65,373 

7.34 
a  59.57 
8.1 
97 
313 

3.18 
173.33 
33.0 


GREAT  NORTHERN. 


June  30,  1901. 


9 
10 
11 
la 
13 
14 
15 
16 
17 
18 
19 
SO 
SI 


.174 

.093 


533 
41,306 

834 


79 
180.91 
3.39 
133.45 


June  30,  1903. 


.148 

.085 


666 
54,548 

880 


83 
190.814 

3.337 
151.97 


a  Probably  a  portion  of  the  mixed  train  mileage  was  included  as  passenger  train  mileage,  in  arriving  at  this  result,  which  is  here  presented  as  reported  by  the  com- 
pany. 


ANALYSIS    OF   RAILROAD   REPORTS. 


21 


Statistics    of    Freight   Traffic. 


Name  of  Railroad, 


Year  ending. 


1  Number  of  revenue  tons  carried,  per  mile 

2  Beveoue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tons,  per  freight  train 

13  Average  revenue  tone,  per  loaded  car 

14  Average  revenue  tone,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  frei^jht miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

80  Percentage  of  freight  expenses  to  earnings 

f 

21  Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


NORTHERN  PACIFIC. 


June  30,1001. 


June  .30, 19C2 


1,7.34: 

478,561 

6  1,473 

3,S1G 

46,330 

38,618 

a  8,753 

a  84 

31.4 

8.47 

73.01 

3!i4.37 

14.1.5 

10.3 

877.6 

.944 
318.08 
9.94 


2,808 

657,533 

ft  1,898 

4,448 

57,883 

40,087 

a  9,183 

rt35.8 

31.09 

8.5 
73.65 
346.37 
15.34 
11.14 
897.9 
868 

.H 
317.84 
10.804 


GREAT  NORTHERN. 


June  30,  1901. 


June  30, 1S02. 


10 
11 
13 
13 
14 
15 
10 
17 
IS 
19 
20 


1,908 

477,076 

Cl,351 

38,854 

a  8,494 
a  33.3 
30.57 
6.36 
79.3 
381.89 
16.06 
13.5 
350 
817.75 
.871 
338 
11.057 


3,333 

607,776 

c  1,455 

47,934 

a  9,'J06 

1/  87 

33 

-   8, 

74, 

417. 

17, 

13, 

341 

80  7. 


,3 

.93 

,43 

,4 

.595 

03 

7 

08 
859 


364 
Il.l 


4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

If. 

17 

18 

19 

20 


21 


.1 
J 


a  Report  not  clear  on  this  point. 

b  Exclusive  of  helping  engine  mileage  amounting  to  220in  IPOl  and  273  in  1902. 

(•Exclusive  of  helping  engine  mileage  amounting  to  59  in  both  1901  and  1902. 


9% 


ANALYSIS    OF    KAILUOAD    KE1'U]{TS. 


Statistics  of  Physical  Condition. 


Name  of  Jtailroad. 


Year  endinff . 


UNION    PACIFIC. 


JtTfE  30,  1901. 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. 

3  ,\verage  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  vnrion^  kinds  of  ballast. 


C    Mileage  of  second,  third  and  fourth  main  tracks  . 

7  Mileage  of  yard  and  side  tracks. 

8  Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails. 


10  Number  of  Locomotives  owned,  per  mile 

11  .\verage  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

11  Number  of  Passenger  Cars  owned,  per  mile 

15  Aggregate  length  of  wooden  bridges feet 

IB  Aggregate  length  of  wooden  trestles feet 


5,580 

a  5,G51 

b  3,34:3 

1,604 

1,301 

133 

Ill 


June  80, 190S. 


5,0^7 

a  5,930 

5,711 

3,103 

...Gravel 1.737 1 

Burnt  Clay 190 

...Cinder Ill 


SOUTHERN    PACIFIC. 


Jr^•E  30,  1901. 


37. 


.Crushed  Stone 43 


77 

1,339 
479 


77 

1,404 
317 


,  .56-60  lbs.  per  yd a,01  ."> 

..70-80 lbs.  per  yd a,844 

,.6B-901bs.  per  yd 64 


3 

4 

f 
I 

5  -i 


10 
11 
V2 
13 
14 
15 
16 


8,6-.J3 

c  9,017 

8,633 

4,633 


June  30,  1902. 


8,639 
c  9,05a 

8,757 
4.G31 


3,440 Pul  1  ballast 3,663 

1,183. . .   .Partial  ballast 989 


107 

3,103 

333 


119 

3,337 

344 


1,813 50  ll>s.  per  yd 1,831- 

3,330... 60-61.5  lbs.  per  yd... 3,991 
1,984. . . . 75-76  lbs.  per  yd . . .  .1,986 

185 SO  lbs.  per  yd 533 

.15  .139 


4.13 
33,760 

.146 
34.178 

964,183 


4.34 
54,540 

.133 
33,045 
939,138 


a  Also  1,013  miles  of  river  and  ocean  lines  in  1901  and  1.035  miles  in  1903. 

b  The  1901  report  is  analyzed  just  as  the  company  provided  it  in  1901,  and  not  as  it  is  presented  with  the  1902  report,  altered  somewhat  as  to  form. 

c  Also  5,376  miles  of  river  and  ocean  lines. 


ANALYSIS    OF    RAILROAD    REPORTS. 
Statistics  of — Assets  and   Liabilities — Income  and  Expenses. 


Same  of  Mailroad. . 


Tear  ending . 


ASSETS  AND  LIABILITIES. 

Stocks  outstanding,  per  niilu .^ 

Bonds  outstanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. . 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile  

INCOME  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Farnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earniags,  per  mile 


9 
10 
U 
12 
13 

14 
15 
16 

17 
18 

19  Additioral  Miscellaneous  Income,  per  mile 

20  Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

21  Expenses  for  Maintenance  of  Equipment,  per  mile 

22  Percentage  of  Gross  Earnin^jis  for  Maintenance 

23  Percentage  of  Expenses  for  Maintenance 

24  Expeases  for  Conducting  Transportation,  per  mile 

25  General  Expenses,  per  mile .' 

26  Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses 

27  Surplus  Earnings,  per  mile ' 

28  Percciitage  of  Gross  Earnings  for  Surplus 

29  Betterments  charged  to  Reserve  Funds,  per  mile.  .^ 

a  Including  bonds  convertible  into  common  stock.  $lfi,9.51  per  mile  in  litOl ;  $16,101  in 

1903. 
it  Probably  at  cost  for  Union  Pacific.     Union   Pacific  owns  also  (1902)  5,241,778  acres  of 

land.    The  average  price  received  was  $1.7y  per  acre  for  land  sold  in  1902.    Southern 

Pacific  owns  11,908.288  acres.    The  average  price  received  per  acre  in  1902  was  $5.81. 

Union, Pacific  credits  income  from  land  sales  to  capital  account ;  Southern  Pacific 

partly  to  capital  account  and  partly  to  income  account, 
r  Fixed  charges  in  1901   include  charges  on  Union  Pacific  bonds  held  in  the  treasury. 

This  sum  is  offset  in  the  receipts  of  "  Miscellaneous  Income  '\ 
d  Balance  of  current  liabilities  over  current  assets. 

t  Union  Pacific  owns  (1903)  $90,000,000  par  value  of  Southern  Pacific  stock 


f  UNION  PACIFIC. 


June  30,  1901. 


36,377 

a  44,930 

81,397 

b  25,573 

C  1,600 

30.4 

3,569 

18,407 

a 

rf35,779,808 

13,844,966 

3,859 

13 

e  7.703 

9.7 
c  4,060 
53.7 
3,643 
f-/i583 
975 
805 
33.1 
43.3 
3,088 
191 
39.6 
3,354 
30.6 


JtTNE  30,  1902. 


35,060 

0  43,443 

79,103 

J  34,776 

3,344 

28.7 

3,041 

18,231 

13,047,157 

j' 41,416,540 

21,361,692 

3,740 

13 

f  8,167 

10.3 
,4,077 

49.9 
4,090 
/i  793 
1,043 
800 
33.5 
45.3 
3,046 
1S8 
37.4 
f  2,189 
30.8 
113 


t  SOUTHERN  PACIFIC. 


JtraE  30, 1901. 


9 
10 
11 
12 
13 

14 
15 
16 
17 
18 
I'.l 
20 
21 

23 
24 
25 
26 
27 
28 
29 


33,859 
43,151 
66,010 

J 

3,505 

39.6 

3,505 

23,859 

13,435,497 

13,049,637 

y  10,935,343 

1,363 

33 

«  8,453 

•    12.9 
<  5,314 
63.9 
3,139 
/(  559 
1,176 
903 
34.4 
39.1 
3,000 
336 
3B.3 
i399 
4.7 


JusB  30, 1902. 


33,593 
42,539 
65,131 

b 

2,481 

37.5 

3,481 

33,593 

7,353,689 

14,828,272 

(710,176,309 

1,162 

5 

«  9,013 

13.8 
,■5,834 

G4.63 
.3,189 
;j496 
1,381 
1,043 
36.9 
41.6 
3,207 
194 
37.7 
I  Hi 
1.4 


e  Gross  receipts  and  expenses  of  water  lines  are  deducted. 

/After  deducting  $271  per  mile  appropriated  iu  1901  for  betterments  ;  $350  in  1902. 

;/  Not  including  surplus  held  by  the  proprietary  companies,  amounting  to  $44,(1fi4,H9»  in 

1901,  and  $58,707,857  in  1903. 
//  *■  Miscellaneous  Income  "  includes  net  surplus  of  water  lines. 
;  .\fter  deducting  $794  per  mile  for  betterments. 
,/  The  excess  of  current  liabilities  has  been  provided  for  since  the  close  o(  the  fiscal  year, 

by  the  issue  $31,000,000  of  Oregon  Short  Line  4s  bonds. 
/■  Deficit  after  deducting  $1,317  per  mile  for  betterments. 


34 


ANALYSIS    OF  RAILKOAD   REPORTS, 


Statistics   of   Alaintenance — Passenger   Traffic. 


Kanie  of  Railroad. 


Tear  ending. . 


MAINTENANCE  EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  ton  mile cents 

3  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Pusseni^er  Cars,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

6  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run. .  .cents 

PASSENGER  TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

13  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

IG  Average  number  of  passengers,  per  car 


17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

30  Gross  passenger  earnings,  per  train  mile cents 

31  Gross  passenger  earnings,  per  car  mile cents 

33    Percentage  of  passenger  expenses  to  earnings 

a  Ferry  and  suburban  passengers  are  excluded  in  all  Ibe  statistics  of  pa^isenger  traffic. 


UNION  PACIFIC. 


June  30,  1901. 


.ITJS 

.14a 
73a 

55- 
a,983 

.975 
.43 
G.38 

.584 
Cl,433 

1,563 

9,01-4 
75,094 

39.a 
6.3 
105. a 
344.0G 

1S0.3S 
19.41 


June  3D,  l'J03. 


.139 
.106 
911 
6-^ 
a,704 

1.309 

.46^ 

8.066 

595 

70,130 

1,547 

9,800 

09,00-4 

0.34 
45.33 
7.9 
117.84 
305 

131 
30.06 


SOUTHERN  PACIFIC. 


June  30,  1501. 


0 
10 
U 
13 
13 
14 
15 
l(i 
17 
18 
19 
30 
31 
33 


.•409 
.16 
780 
61 
3,439 

1.63 

.583 
C.31 

3,108 

((  90,935 

1,536 

9,638 

47,833 

6.13 

58.09 

9.47 

68.43 

196 

3.377 
136 
35.4 


June  80,  1903. 


I 


.344 
.184 
771 
70 

3,948 

1.508 
.677 

7.83 

1,379 

o  105,907 

1,044 

10,488 

51,131 

6.33 

03.05 

10.13 

70.78 

169 

3.301 
163 
36.3 


ANALYSIS    OF    RAILROAD    REPORTS, 


25 


statistics  of  Freight  Traffic 

• 

yame  of  Railroad 

UNION  PACIFIC. 

SOUTHERN  PACIFIC. 

Year  ending 

June  80,  1901. 

June  30,  1902. 

June  80, 1901. 

JlTNE  30, 1902. 

1    Number  of  revenue  tons  carried,  per  mile 

1,767 
568,303 
1,883 
4,417 
51,966 
40,473 
a  13,800 
a36.1 
27.6 
8.3 
70 
301.8 
16.6 
11 
333.5 
333.85 
.998 
301.15 
10.91 

1,504 
c 761,097 
1,798 
4,100 
54,316 
33,526 
13,439 
36.8 
30.3 
8.8 
70.96 
C417.73 
f  19.49 
elZ.Si 
c  363.73 
396 

1.089 
417.73 
13.83 

1 
2 
3 
4 
5 
6 

8 
9 
10 
11 
13 
13 
14 
15 

le 

IT 
18 
19 
30 

81 

1,635 

563,057 

6  3,194 

5,318 

52,608 

38,122 

10,478 

38.7 

34.37 

6.8 
71.97 
356.6 
14.6 
10.5 
346.5 
344 
1,001 
356.698 
10.49 

1,797 
566,130 
b  3,305 
5,393 
54,386 
37,663 
10,363 
38.4 
35.03 
7.39 
70.44 
356.7 
14.56 
10.36 
315 
333 
1,031 
373,617 
10.93 

1 

2    Revenue  ton  miles,  per  mile 

2 

3 

4 

5 

6 

7    Freight  car  mileage,  per  car 

7 

8    Freight  car  mileage,  per  car,  per  day 

8 

9    Average  number  of  all  freight  cars,  per  freight  train .... 

9 

10 

11    Percentage  of  loaded  car  mileage  to  total  car  mileage 

11 

12 

13 

14 

15    Average  distance  of  haul,  per  ton  of  freight 

..miles 
. .  cents 
. . cents 
.  cents 
. .  cents 

15 
16 

17    Groes  earnings,  per  ton,  per  mile  hauled 

17 

18    Gross  freight  earnings,  per  train  mile 

'18 

19 

20    Percentagt!  of  freight  expenses  to  earnings 

20 

21    Principal  articles  of  freight  and  percentage  of  tonnage  from 

each.( 

1 

33      ..Agricultural  Products. ..  .28 

25.2 Manufactures 27.4  \ 

11.2 Lumber 14.8 

21 

a  Report  not  clear  ou  this  point. 

fj  Exclusive  of  light  and  helping  engine  mileage  amounting  to  433  in  1901  and  439  in  1902. 

c  These  five  items  are  based  upon  the  total  freight  carried  including  company  freight.    The  annual  report  for  1902  does  not  separate  company  freight  from  revenue 
freight  in  these  items. 


26 


ANAIvYSlS    OF    KAILROAD    KEP0HT8. 


Statistics   of    Physical   Condition. 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock 

3  Average  mileage  operated 

4  Mileage  ballasted 

Mileage  of  various  kinds  of  ballast. 


S    Mileage  of  second,  third  and  fourth  main  tracks 

7  Mileage  of  yard  side  tracks. 

8  Number  of  ties  renewed  :n  track,  per  mile. 

9  Mileage  of  various  weight  rails 

10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

18  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

11  Number  of  Passenger  Cars  owned,  per  mile 

n  Excluding  38  miles  of  double  tracking  now  being  completed. 

6  Exclusive  of  the  mileage  of  the  Chicago  and  Eastern  lUiBois,  control  of  which  was  acquired  in  August,  1903,  after  tlie  close  of  the  flscal  year. 


ANALYSIS    OF    RAILROAD    REPORTS. 
Statistics   of — Assets   and    Liabilities — Income   and    Expenses. 


87 


Name  of  Bailroad. 


Tear  ending. 


ASSETS  AND  LIABILITIES. 

Stocks  outstanding,  per  mile 

Bonds  outstanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Cliarges  and  Taxes  to  Earnings. 

Cliarges  alicad  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile. . . 

Total  Current  Assets , 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Keeerve  Funds,  for  Betterments,  per  mile 


INCOnE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings .; 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance  

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Ccnducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Bettermeuts  charged  to  Reserve  Funds,  per  mile 


ATCHISON,  TOPEKA  AND 
SANTA  FE. 


June  30,  1901. 


15, 

9, 

13, 


37,684 
33,495 
53,179 

0  74 
1,^90 

18.5 

3,081 

13,060 

586,643 

,173,883 

083,740 

1,676 

433 


6,977 

13.1 
4,133 

59.3 
3,845 
43 
814 
830 
33.3 
39.3 
3,308 
300 
35.9 
1,598 
33.9 


June  30,  in02. 


38,797 

38,763 

57,559 

0  45 

1,375 

18.3 

3,103 

13,988 

37,308,014 

13,303,507 

16,037,415 

3,040 

130 

7,538 
13.1 

4,317 
57.3 

3,311 
145 
783 

1.001 
33.7 
41.4 

3,338 
186 
33.5 

1,981 
36.3 


ST.  LOUIS  AND  SAN  FRANCISCO. 


June  30,  1901. 


June  30,  190-3. 


10 
11 

la 

13 

14 
15 
16 
17 
18 
19 
80 
81 
83 
23 
24 
25 
26 
2T 
28 
29 


37,610 

37,350 

54,960 

cl6 

1,559 

35.8 

3,016 

16,187 

3,490,095 

3,101,534 

1,910,669 

1,133 

363 

6,033 

11 
3,466 

57.45 
3,566 

66 
781 
567 

33.34 

38.9 
1,938 
179 

39.11 
ti960 

15.9 


37,336 

f  34,018 

61,354 

<;14 

1,866 

38.1 

3,114 

8,397 

4,363,088 

5,639,145 

3,301,670 

1,015 

67 

6,648 

10.8 
4,143 

63.31 
3.506 
61 
916 
680 
34.01 
38.5 
3,353 
194 

38.3 
700 
10.5 


a  .\t  estimated  value. 

0  Including  {115  per  mile  appropriated  for  betterments. 

c  Book  value. 

d  After  deducting  $107  per  mile  for  betterments. 

e  There  are  iilso  bonds  amounting  to  $1,115  per  mile  guaranteed  by  the  Kansas  City,  Fort  Scott  and  Memphis  Ry.,  which  is  a  part  of  this  Bystem. 


28 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of  Maintenance — Passenger  Traffic. 


Name  of  Raitroad 

Tear  ending 

HAINTENANCE    EXPENSES. 

1  Maintenance  of  Way  and  Stiucture,  per  ton  mile cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Paesenger  Care,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

6  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run ; . . .  cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run  ...cents 

PASSENGER    TRAFFIC. 

ft  Numher  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile  

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile  

13  Passenger  car  mileage,  per  car 

14  Average  number  of  care,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

16  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  pef  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 


ATCHISON,  TOPEKA  AND 
SANTA  FE. 


JlTNE  30,  IflOl. 


.164 
.165 

?JJ8 
»9 

.786 
.537 

».» 

7  if, 

65,843 

1,437 

8,507 

9a,631 

5.9 

45.8 

7.8 

9U.74 

U06.10 

3.!S7a 
l!i6 
ai.356 


June  30, 1902. 


.145 

.186 

86 
3,156 

.863 
.663 
9.1 

813 

77,361 

1,577 

9,575 

96,176 

6.07 
49.1 
8.1 
95.36 
310.73 

3.313 
l;38 
31.09 


ST.  LOUIS  AND  SAN  FRANCISCO. 


June  30,  1901. 


June  30,  1902. 


10 
11 
12 
13 
14 
15 
16 
IT 
18 
19 
20 
21 
22 


.19!S 
.14 
751 
67 
1,487 

.905 
.835 
4.79 

1,315 
60,441 
1,637 
8,135 
83,006 
5 
37.14 
7.43 
45.96 
96.6 
3.103 
103.3 
30.45 


.183 
.135 
804 
54 
1,751 

1.051 
.539 
5.13 

1,131 
56,961 
1,643 
8,034 
76,514 
5 
34.66 
6.93 
.50..36 
115.64 

3.397 
101.71 
30.34 


ANALYSIS   OF  RAILROAD  REPORTS. 


29 


Statistics  of  Freight  Traffic. 


Name  of  Bailroad.. 


Tear  enditiff. 


1  Number  of  revenue  tons  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  caf 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tons,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile ,  cents 

19  Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  earnings 

r 


21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


a  Report  not  clear  on  this  poiut, 
b  Mainly  bituminous  coal. 
c  Mainly  wheat, 


ATCHISON,  TOPEKA  AND 
SANTA  FE. 


June  30,  1901. 


1,4»3 

496,579 

)J,106 

4,993 

55,066 

33,304 

a  14,708 

«  40.3 

iS6 

7.4 

71.6 

a4)8.67 

13.6 

9.33 

34S.86 

351.3 

1.007 
■444 

9.385 


June  80,  1902. 


1,476 
538,731 
3,177 
5,099 
56,509 
30,530 
,( 13,978 
a  35.6 
35.9 
7.8 
69.7 
347.51 
13.68 
9.56 
364.93 
360.55 

.988 
353 
9.77 


30.9 «/ Minerals 33.3 

18.8 cGrain 13.3 

16.4 Manufactures 19.9 


ST.  LOUIS  AND  SAN  FRANCISCO. 


June  30,  I'JOl. 


June  30, 1902. 


3 

4 

5 

ti 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 


"1 


3,075 
406,333 
3,940 
4,591 
44,489 
31,811 
a  8,038 
a  33 
30.58 
6.77 
67.1 
187.95 
13.61 
9.13 
199.83 
306.94 

1.057 
198.63 
9.65 


3,789 
503,499 
3,694 
5,310 
53,331 
33,819 
a  10,037 
a  37.5 
19.38 
6.74 
65.3 
186.91 
14.78 
9.64 
180.57 
173.09 

.953 
178.13 
9.19 


31       ..  ..Bituminous  Coal 35.1 

13.3    Grain  and  Klour 9.3 

19.47 Manufactures 15.45 

10.3    Lumber 14.48 


30 


ANALYSTS    OF   RAILROAD    REPORTS. 


Statistics  of  Physical  Condition. 


Name  of  Railroad . 


Tear  ending. 


1  Mileage  owned . 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock . 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  various  kindw  of  hallnet. 


fl    Mileage  of  second,  third  and  fourth  main  tracks  . 

1    Mileage  of  yard  and  side  tracks 

8     Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails , 


10  Number  of  Locomotives  owned,  per  mile 

It  Average  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 


DENVER  AND  RIO  GRANDE. 


June  30, 1901. 


1,668 


36 
348 


June  30,  190S, 


3,397 
S  3,390 
C  3,34T 


36 

348 


368 S5  lbs.  per  yd 310 

Balance  30  to  80  lbs.  per  yd. 


.195 
5.08 


.136 


.193 
5.695 


.14 


RIO  GRANDE  WESTERN. 


Junk  30,  1901. 


] 

I 

(i      I 

8 


9 


10 

n 

Vi 
13 
H 


618 
673 
663 


9 
108 


cJuNE  30,1903. 


G5  to  7.5  lbs.  per  yd. 


.143 


.113 


a  Includiug  91:?  miles  of  narrow  gauge  road. 
6  Including  920  miles  of  narrow  gauge  road. 

('  The  Denver  and  Hio  CTrande  and  the  Rio  Crande  Western  were  operated  sepaiately  in  1901  and  their  separate  reports  are  here  analyzed.    In  19()2  their  operations 
were  consolidated,  and  one  report  coveiing  the  enlarged  Denver  and  Rio  Grande  system  was  furnished.    That  report  is  here  presented. 


ANALYSIS  OF  RAILROAD  REPORTS. 


31 


Statistics  of — Assets   and     Liabilities — Income   and    Expenses. 


Xame  of  Hailroad. 


Year  ending . 


ASSETS  AND  LIABILITIES. 

Stocks  oatatanding,  per  mile 

Bonds  outstanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

Charges  ahead  of  Common  Slock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 


INCOME  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Grose  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


DENVER  AND  RIO  GRANDE. 


June  30, 1901. 


36,960 
!«5,911 
63,871 
a  1,430 
1,431 

30.8 

^,140 

23,783 

,060,701 

1,6.30,684 

,707,333 

1.633 

173 

6,866 

10.9 
4,371 

63.3 
3,595 
67 
939 
653 
33 
37 
3,488 
303 
39.3 
*  1,147 
16.7 
13 


c  Jdnk  30, 1902. 


35,106 
31,156 
66,363 
a  1,000 
1,.j63 

31.3 

3,.509 

16,191 

5,388,435 

4,689,790 

3,377,643 

1,440 

313 

7,359 

10.9 
4,403 

60.64 
3,857 
71 
1,043 
733 
34.4 
40.3 
3,433 
301 
36.1 
b  1,100 
15.1 
44 


RIO  GRANDE  WESTERN. 


JCTNE  30,  1901. 


c  June  30, 1902. 


8 
9 
10 
11 
15 
13 

14 
1.5 
16 
17 
18 
19 
30 
21 
22 
23 
24 
25 
26 
37 
28 
29 


36,435 

38,060 

64,301 

a440 

1,469 

19.8 

3,035 

15,106 

3,313,787 

806,346 

415,178 

637 

371 

7,410 

11.5 
4,867 

69.68 
3,543 

76 

1,359 

950 

39,8 

43.4 
3,375 
393 

36 
1,151 

15.9 


1 

2 

3 

i 

5 

G 

7 

8 

9 

10 

11 

13 

18 


14 
15 
16 
17 
18 
19 
20 
21 
22 
23 
24 
25 
26 
27 
28 
39 


a  Book  value. 

b  After  deducting  S84  per  mile,  appropriated  for  Betterment  fund  in  1901  and  $204  per  mile  in  1902. 

c  See  note  c  on  page  30,  opposite. 


32 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of  Maintenance— Passenger  Traffic. 


Naine  of  Railroad 

Tear  ending 

MAINTENANCE   EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  Ion  mile cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

6  MaintenanQp  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run cents 

PASSENGER   TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

U  Passenger  train  mileage,  per  mile 

18  Passenger  car  tnileage,  per  mile 

l.S  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

It)  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

32  Percentage  of  passenger  expenses  to  earnings 

a  See  note  c  on  page  30. 


DENVER  AND  RIO  GRANDE. 


June  30, 1901.  «  June  30, 1902. 


4:04 

54 

.ro9 

.614 
3.81 

465 


1,401 
»,743 

56,976 

5.5 


366.09 


136.8 
33.05 


.345 
.173 
439 
46 
1,651 

.611 
.604 
5.37 

578 

76,601 

1,514 

8,887 
61,575 

5.87 

50.59 

8.45 

133.63 

371.89 

3.05 

136.58 

31.56 


RIO  GRANDE  WESTERN. 


JcNE  30,  1901. 


•J 

10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 
21 
32 


.347 
.185 

805 

96 

3,133 

.967 
.513 
8.38 

693 

76,980 

1,560 

9,307 

83,364 

5.96 
49.34 

8.3 

111.09 

333.18 

3.09 

114.13 

19.15 


a  June  30, 1902. 


1 
2 
3 
i 
5 
6 
7 
8 

9 
10 
11 
12 
18 
14 
16 
16 
17 
18 
19 
20 
21 


ANALYSIS   OF  RAILROAD   REPORTS. 


Statistics  of    F 

reight   Traffic. 

Name  of  Railroad 

DENVER  AND 

RIO  GRANDE. 

RIO  GRANDE  WESTERN. 

Year  ending 

JtTNB  30,  1901. 

JJuneSO,  1902. 

June  30, 1901. 

6  June  30, 1902. 

3,390 

3,773 

439,338 

3,133 

5,634 

43,385 

39,433 

«  7,618 

a  30.9 

30.33 

6.9 
66 

199.48 

14.83 

9.8 

153.37 

187.11 

1.33 

343 

11.93 

1 
•> 

3 
4 
fi 
0 

8 

!) 
1(1 
11 
12 
1.3 

n 

15 
K 
17 
18 
111 

an 

31  • 
[ 

3,938 

509,878 

3,338 

3,309 

43,074 

37,338 

a  18,733 

a  51.6 

19.08 

5.9 
69.1 
335.8 
17.14 
11.84 
174.16 
188.09 
1.08 
344 
13.78 

1 

2    Revenue  ton  milee,  per  mile 

2 

a,365 

6,343 

44,689 

33,449 

a  8,793 
«34 
18.9 
6.7 
67 

3 

4 

4    Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

5 
6 

7 

8    Freight  car  mileage,  per  car,  per  day 

s 

9    Average  number  of  all  freight  cars,  per  freight  train 

10    Average  number  of  empty  freight  cars,  per  freight  train 

9 
10 

11 

12    Average  revenue  tons,  per  freight  train 

12 

13    Average  revenue  tons,  per  loaded  car 

13 

14    Average  revenue  tons,  per  loaded  and  empty  car 

14 

15    Average  distance  of  haul,  per  ton  of  freight 

. .  miles 
, .  cents 
..cents 
. , cents 
., cents 

196.44 

15 

16    Gross  earnings,  per  ton 

16 

17    Gross  earnings,  per  ton,  per  mile  hauled 

17 

18    Gross  freight  earnings,  per  train  mile 

313.15 
11.38 

18 

19    Gross  freight  earnings,  per  car  mile 

19 

20    Percentage  of  freight  expenses  to  earnings 

20 

21    Principal  articles  of  freight  and  percentage  of  tonnage  from 

f 
each  \ 

1 

21 

a  Report  not  clear  on  tliis  point. 
b  See  note  c  on  page  30. 


§4 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics   of   Pliysical    Condition. 


Nittne  of  Railroad. 


Tear  endittg . 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock . 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  various  kintls  of  ballast., 


6  Mileage  of  second,  third  and  fourth  main  tracks 

7  Mileage  of  yard  and  side  tracks 

8  Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails  , 


10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives — poundi 

13  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

11  Number  of  Passenger  Cars  owned,  per  mile 

15  Aggregate  mileage  of  curved  track 

16  Number  of  curves  in  track 

17  Mileage  of  ascending  track 

18  Average  ascent  per  mile  of  ascending  track feel 

19  Aggregate  length  of  wooden  bridges feet 


MISSOURI   PACIFIC. 


Decembeb  31,  1900. 


December  31, 1001 


5,455  5,455 

a,541  5,567 

3,541  5,555 

l,8»r  2,040 

530 Gravel 618 1 

553 Cinder 578  j 

430 Zinc  Tailings 443  f 

361 Rock 398J 


■  1,070  1,176 

455  484 

52  lbs.  pr-r  yd  468 

..  56    "  "      3,484 

00-63    "  "      1,1^9 

...75   "  .       "      1,199 

.096 
81,010 

6.08 
50,000 

.105 


.093 

4.765 

.098 


TEXAS  AND  PACIFIC. 


Decembek  31,  IPOO. 


10 
11 
13 
13 
14 
15 
16 
17 
18 
19 


1,477 
1,570 
1,527 


December  31,  1901 


1,591 

1,684 

1,634 

453 


.Cinder 3*3 

.Gravel 145 

.Rock 85 


327 
447 


362 
464 


390. 
139, , 

985. 


.75  lbs  per  yd 480 

.63    "  '■       127 

..56    "  "       973 


.152 


.093 


241 

814 

992 

107 

1,860 


.169 
17,283 

3.7 
55,656 

.096 

264 

905 

1,038 

103 

1,708 


ANALYSIS   OF   RAILROAD   REPORTS. 


35 


Statistics   of — Assets   and    Liabilities — Income   and    Expenses. 


Xame  of  Railroad . 


MISSOURI  PACIFIC. 


TEXAS  AND  PACIFIC. 


Tear  ending . 


DecemberSI,  1900.   DecembehSI,  1901. 


ASSETS  AND  LIABILITIES. 

Stocks  outstanding,  per  mile 

Bonds  outetandint?,  per  mile 

Total  Slocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges  inclizjding  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilitiee 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 


INCOHE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  foi   Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Tians.  and  General  Expenses. . . 

Surplus  Earnings,  per  mile.-. 

Percentage  of  Grose  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


9,101 

34,747 

33,848 

«  33,863 

1,418 

»4.4 

1,418 

9,101 

7,193,375 

5,755,680 

7,764,638 

1,401 


5,825 

17 
3,839 

65.7 
3,000 
347 


688 
13 


December  31,  190D.  DecemberSI,  1901. 


13,754 

83,37!» 

37,033 

a  38,521 

1,386 

31 

1,386 

13,754 

7,030,458 

8,450,503 

8,480,030 

1,539 

180 

6,600 

17.9 
4,353 

64.4 
3,348 
445 

i  

b  

b  

*  

b  


1,346 
30 


9 
10 
11 
12 
13 

14 
1.5 
IB 
17 
18 
19 
20 
21 
22 
23 
24 
25 
26 
27 
88 
29 


35,357 

c  34,313 

59,670 

811 

1,036 

16 

1,844 

35,357 

1,966,013 

1,438,419 

3,663,983 

1,744 


6,385 

11 

4,310 

67.6 
3,075 
134 
980 
735 
37 
40 
3,404 
181 
40.5 
a  745 
11.7 


33,731 

c  33,876 

56,597 

186 

1,031 

14.3 

1,795 

33,731 

3,340,700 

1,764,539 

3,330,439 

1,971 


7,303 

13 
4,917 

68  3 

3,386 

338 

1,104 

863 

37 

39.8 
3,771 
190 

41 
il  910 

13.6 


«  .\l  par  value.    Cost  to  company  was  about  one-half  of  the  par  value, 
ft  Missouri  Pacific  does  not  classify  expenses  as  the  Interstate  Commerce  Commission  directs. 
c  Includes  Income  bonds  amounting  to  $l(i.358  per  mile  in  1900  and  $15,294  per  mile  in  1901. 
(I  .\fter  deducting  SHO  per  mile,  spent  for  Ix'ttermente  in  1900,  and  $367  per  mile  in  1901. 


36 


ANALYSIS    OF    KAILKOAD    KEFORTfci. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


Nnme  of  Jtaiiroad. 


Year  ending. 


nAINTENANCE    EXPENSES, 

Maintenance  of  Way  and  Structure,  per  ton  mile centa 

Maintenance  of  Equipment,  per  ton  mile cente 

Maintenance  of  Passenger  Car?,  per  car \ 

Maintenance  of  Freight  Cart-,  per  car 

Maintenance  of  Locomotives,  per  locomotive 

Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

Maintenance  of  Freight  Cars,  per  cur,  per  mile  run cents 

Maintenance  of  Locomotives,  per  locomotive,  per  mile  run cents 

PASSENGER    TRAFFIC. 

Number  of  paBsengers  carried,  per  mile 

Passenger  miles,  per  mile 

Passenger  train  mileage,  per  mile 

Passenger  car  mileage,  per  mile 

Passenger  car  mileage,  per  car 

Average  number  of  cars,  per  passenger  train 

Average  number  of  passengers,  per  passenger  train 

Average  number  of  passengers,  per  car 

Average  distance  travelled,  per  passenger miles 

Gross  earnings,  per  passenger cents 

GrosB  earnings,  per  passenger,  per  mile  travelled cents 

Gross  passenger  earnings,  i)er  train  mile cents 

Gross  passenger  earnings,  per  car  mile cents 

percentage  of  passenger  expensef^  to  earnings 


MISSOURI  PACIFIC. 


DECEMBERS!,  19U0. 


543 

55 

a,6S3 

.71 

.6 

5.8 

958 

45,293 

1,335 

6,839 

79,935 

5.1 

33.8 

6.6 

47.09 

104.47 

a.  23 

100.03 

19.53 

Decembrr  31, 1901 


505 

37 

;;,779 

.73 
.36 

914 

48,676 

1,440 

7,354 

80,154 

5.1 
33.7 
6.6 
53.28 
117.75 
3.21 
98.0 
19.39 
73.59 


TEXAS  AND  PACIFIC. 


Decembeb  31,  1900. 


9 
10 
11 
12 
13 
14 
16 
16 

ir 

18 
19 
20 

ai 


.167 
949 
76 
1,624 

1.21 

.78 

4.86 

987 

56,319 

1,441 

7,336 

78,319 

4.99 
39.09 

7.7 
57.09 
140.S5 
2.46 
96.22 
18.88 
78.7 


DscbhbbrSI,  1901. 


.204 
.158 
1,127 
77 
2,399 

1.49 
.79 
6.3 

1,126 

62,400 

1,415 

7,342 

75,862 

5.1 
44.1 
8.5 
55.43 
138.39 
2.49 
110.1 
21.24 
77 


ANALYSIS    OF    RAILROAD    REPORTS. 


37 


Statistics  of  Freight  Traffic. 


Xame  of  Kailroad 

Tear  ending 

1  Number  of  revenue  tone  carried,  per  mile ...... 

2  Revenue  ton  milee,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  care,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

18  Average  revenue  tons,  per  freight  train 

18  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Groee  earningB,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

80  Percentage  of  freight  expenses  to  earnings 

1 

] 

SI    Principal  articles  of  freight  and  percentage  of  tonnage  from  each  -1 

i 
I 


MISSOURI   PACIFIC. 


Decbmbeb  31. 1900.  December  31, 1901 


3,071 
490.533 
3,135 
4,359 
46,379 
46,888 
11,060 
30.3 
31.8 
5.3 
75.9 
230.8 
14 
10.6 
336.76 
303.39 

.854 
311.37 
9.71 


3,351 

583,218 

3,244 

4,664 

50,138 

46,478 

10,356 

28, 

33. 

5 

77. 

269 

15 

II. 

347, 

204. 


S30, 
10, 

Gl. 

17.3 Coal 17.8 

16.6 Grain 16.3 

13.6 Lumber 13.8 

10.7. .. . Manufactures. ...  1 1 .8 


,1 
,3 

.4 

.4 

,2 

,66 

,73 

835 

55 

,33 

89 


TEXAS  AND   PACIFIC. 


DbcehbbbSI,  1900. 


December  31, 1901 


9 
10 
U 

13 
14 
1.-) 
16 

ir 

18 
19 
20 


1,893 
438,852 
3,448 
5,034 
51,838 
33,421 
9,855 
27 
21.1 
6.3 
70 
179.3 
12.6 
8.5 
331. 7T 
237.58 
1.03 
183.76 
8.68 
71.6 


2.331 
543,914 

3,767 

5,524 
59,846 
38,087 

9,855 

2r 

21.6 
6.6 
69 
195.3 
12.99 
9 
232.75 
221.39 
.95 
186.69 
8.68 
72.3 


23.7 Manufactures 23.5 

18  a  Agricultural  Products,  17.7 
16.1. .  ..Forest  Products.. ..  17.6 
19.1..  ..Mining  Products.  ..17.3 

13 Grain 16.5 

6.6 4  Cotton 6 


ft  Exclusive  of  grain. 


I 
4  Hauling  of  Cotton  furnished  Vi^i  of  total  freight  receiiiie  in  1901,  and  Ky^  in  1900. 


21 


96 


ANALYSIS    OF    RAILROA.D    HEP0UT8. 


Statistics  of  Physical  Condition. 


yame  of  Railroad, 


Tear  ending . 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. , 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  varioup  kinds  of  ballast. . 


0    Mileage  of  second,  third  and  fourth  main  tracks. 

7    Mileage  of  yard  and  side  tracks 

4i    Number  of  tics  renewed  in  track,  per  mile 


y    Mileage  of  various  weight  rails.. 


10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

14  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 

15  Aggregate  length  of  wooden  trestles  and  bridges feet 


FORT  WORTH  AND  DENVER  CITY. 


December31,1900. 


464 
454 
464 

Mostly  dirt  roadbed. 


December  31, 1901. 

464 
4.54 
454 


43 

445 


49 
510 


858 66  lbs.  per  yd 858 

107 65  lbs.  per  yd 107  } 

88...  58  and  60  lbs.  per  yd....    88 


.081 


J 
081 


a.33 
41.034 

.06-J  i 
41,019 


2.37 
43,500 

37,803 


COLORADO  AND  SOUTHERN. 


JtnjB  30, 1901. 


10 
11 

n 

13 
14 
15 


1,083 

1,938 

a  1,148 


JiiHB  30,  1902. 


817 
360 


1,068 

1,911 

a  1,133 


817 
349 


45  to  85  lbs.  jier  yd. 


.13 


I 


3.66 
45,705 

.116 


4.53 
49,866 

.116 


a  Including  8S0  miles  of  narrow  gauge  road  in  1901  and  387  miles  in  1903, 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of — Assets  and  Liabilities — Income  and  Expenses. 


Name  of  Railroad. . 


Year  ending . 


ASSETS  AND  LIABILITIES. 

Stocks  outetanding,  per  mile 

Bonds  outstanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile , 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. . 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile , 

Reserve  Funds,  for  Betterments,  per  mile  


INCOME  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital ■. 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earniugs,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earniugs  for  Maintenance 

Perceutage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


FORT  WORTH  AND  DENVER  CITY. 


December  31, 1900. 


ao,03o 

1H,361 

39,011 

936 

§8» 

1,100 
18,055 

aa3,iS5 

3^4,037 
335,6H6 

rir 


3,989 

lO.a 

3,135 

78.0 
854 
38 
1,113 
386 
37.7 
48 
1,489 
137 
4U.9 
8 
.•i 


December  31, 1901 


30,650 

18,133 

38,773 

714 

1,303 

35 

1,436 

15,055 

367,618 

384,865 

369,758 

814 


4,773 

13.3 
3,509 

73,5 
1,366 
36 
1,180 
469 
34.5 
47 
1,711 
143 
38.9 
88 
l.S 


COLORADO  AND  SOUTHERN. 


Junk  80, 1901. 


3 
4 
.5 
6 

8 
9 
10 
11 
12 
13 

14 
1.5 
16 
17 
IS 

in 

30 
21 
22 
23 
24 
25 
20 
2T 
2S 
29 


43,033 

13,846 

57,878 

1,184 

815 

19.4 

1,410 

37,145 

1,011,890 

1,083,039 

435,446 

380 

50 


4,300 
7.3 
a  3,073 
a  73.3 
1,137 
43 
611 
558 
37.8 
38 
1,767 
137 

45.3 
3S5 
8.5 


JuHE  30, 1902. 


41,539 

16,806 

58,345 

1,071 

838 

17 

1,438 

37,361 

1,333,516 

1,515,355 

807,305 

714 

99 

4,936 
8.4 
a  3,570 
a  73.5 
1,356 
36 
840 
650 
30.3 
41.7 
1,930 
130 
43.3 
553 
11.3 


1 
2 
3 
4 
5 
6 
7 
8 
9 
10 
U 
12 
13 

14 
15 
16 
17 
18 
19 
20 
21 
22 
23 
24 
25 
26 
27 
28 
39 


a  Including  Rentals  and  Insurance,  items  generally  included  under  fi.xed  iharges,  amounting  to  only  about  $80  per  mile. 


40 


ANALYSIS   OF  RAILROAD  REPORTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


Namv  of  Sailroad 

Tear  ending 

HAINTENANCE  EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  ton  mile  cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  I'uesenger  Cars,  per  car 

4  Maintenance  of  FrcigUt  Care,  per  car , 

5  Maintenance  of  Locomotives,  per  locomotive 

6  Maintenance  of  Passenger  Cai's,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mlie  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run  —  cents 

PASSENGER   TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

18    Passenger  car  mileage,  per  car 

U    Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

16  Average  number  of  passengers,  per  car 

IT    Average  distance  traveled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  traveled cents 

iiO    Gross  passenger  earning?,  per  train  mile cents 

21    Gross  passenger  earnings,  per  car  mile cents 

82    Percentage  of  passenger  expenses  to  earnings 


FORT  WORTH  AND  DENVER  CITY. 


Dbcembeb  31, 1900.  Dec3MBEb  31, 1901 


.101 
.183 
1,100 

as 

1,983 

1.47 

.108 
*.-i7 

3J3 

36,309 

913 

4,607 

74,704 

5.05 

39.67 

7.86 

97.13 

!491.39 

^.467 

119 

33.58 


.348 
.134 

893 

39 

3,195 

1.053 

.36 
4.65 

490 

48,556 

933 

4,851 

84,709 

5.35 

53.49 

9.99 

9i<.83 

387.37 

3.459 
153 
39.03 


COLORADO  AND  SOUTHERN. 


JCNB  30, 1901. 


10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 
21 
22 


.336 

.307 

307 

38 

3,103 

1 

.508 
6.58 

603 

37,464 

761 

3,550 

30,714 

4.67 
36.08 
7.73 
46 
136.086 
3.741 
.       117 

35.05 


JirsE  80, 1902. 


.364 
.304 
456 
53 
3,168 
1.4 

.751 
6.05 

735 

33,746 

768 

3,756 

33,486 

4.89 
43.96 
8.90 
46 
131.763 
3.617 
137 
38.03 


ANALYSIS   OF  KAILKOAD   UEPUKTS. 


41 


Statistics    of    Freigiit  Traffic. 


yame  of  Railroad, 

Year  ending 

1  Number  of  revenue  tone  carried,  per  mile 

a  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

ff  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tons,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

IS  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  earnings 


21    Priucipal  articles  of  freight  and  percentage  of  tonnage  from  each 


FORT  WORTH  AND  DENVER  CITY. 


December  31, 1900. 


1,5!51 
856,447 
1,»35 
3,678 
3»,783 
45,138 
al4,181 
a39 
18.94 
4.53 
77.9 
148.48 
10.07 
7.84 

ao5 

1.U8 
160 
8.44 


December  31, 1901. 


1,533 

380,434 

1,569 

3,693 

34,446 

45,314 

al5,186 

a4a 

ai.95 

5.97 
78.8 
804.38 
18.78 

9.31 
309 
809.67 

1.003 
805 

9.33 


15.1 Lumber 81.3 

15.4 Grain 10.0 

15.3 Livestock 13.3 

11.9 C'oalaudCoke.   ...18.7 


COLORADO  AND  SOUTHERN. 


June  30, 1901. 


10 

11 
13 
13 
14 
15 
II) 

ir 

13 
19 
30 


8,563 

869,966 

1,505 

4,073 

87,396 

31,430 

a7,476 

a80.5 

18.8 

6 
67.5 
179 
14.59 
9.85 
105 
136.735 

1.307 
816 
11.87 


June  30, 1902. 


3,839 
318,319 
1,691 
4,S98 
31,638 
30,110 
07,053 
019.3 
18.7 
6.6 
64.7 
188 
15.51 
10.06 
98 
107.998 

1.304 
336 
13.1 


31.7 Bituminous  Coal. 

19.4 Ore 


.38.7 
.18.6 
15.6  Lignite  Coal  and  Coke  80.6 


a  Report  not  clear  on  tijis  point. 


42 


ANALYSIS    OP    RAJL110A.D    KEPOKTS. 


Statistics  of  Physical  Condition. 


Name  of  Railroad. 


Tear  ending . 


1    Mileage  owned 

•2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock, 

3  Average  mileage  operated. 

4  Mileage  ballasted - 


5    Mileage  of  various  kinds  of  ballast. . 


6  Mileage  of  second,  third  and  fourth  main  tracks. 

7  Mileage  of  yard  and  side  tracks 

8  Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails. 


10  Number  of  Locomotives  owned,  per  mile  

11  Average  tractive  power  of  Locomotives pounds 

12  Number  of  PVeiglit  Cai.s  owned,  per  mile 

13  Average  capacity  of  Freight  Cars poundi 

14  Number  of  Passenger  Cars  owned,  per  mile 


MISSOURI,  KANSAS  AND  TEXAS. 


June  30, 1901. 


3,480 
!i,480 
3,365 


437 
495 


JuHE  30,  1902. 


3,555 
3,555 
2,500 
1,726 


427 
697 


.63  to  80  lbs.  per  yd. 

.13 

4.585 

.095 


J 
.133 


4.703 
.09 


ST.  LOUIS  SOUTHWESTERN. 


JCNB  30,  1901. 


1,251 

1,393 

1,275 

568 


JuHE  30,  1902. 


1,251 

1,293 

1,293 

620 


409 Gravel  and  Sand 460  | 

104 Rock 1 04  I 

54  Cinders 56  j 


348 
419 


267 
550 


114 3.51b6.peryd 41 

9  ^  1 1,028 56  lbs.  per  yd 952  r 

104 75  lbs.  per  yd....... 253  t 


10 
11 
12 
13 
14 


.099 

16,590            ] 

4.57 

47 

,800 

.087 

.114 
18.190 

5.19 
49,000 

.093 


ANALYSIS  OF  RAILROAD  REPORTS. 


43 


Statistics  of— Assets  and  Liabilities — Income  and    Expenses. 


Kame  of  Raitroad 

Year  ending 

ASSETS  AND  LIABILITIES. 

1  Stocks  outstanding:,  per  mile 

2  Bonds  outstanding,  j)er  mile 

3  Total  Stocks  and  Bonds,  per  mile 

4  Various  Stocks  and  Bonds  in  Treasury,  per  mile 

5  Fixed  Charges,  including  Taxes,  per  mile 

fl  Percentage  of  Fixed  Charges  and  Taxes  to  Earnings 

7  Cliarges  ahead  of  Common  Stock,  per  mile 

8  Amount  of  Common  Stock  outstanding,  per  mile 

9  Total  Current  Assets 

10  Total  Current  Liahilities 

11  Total  Surplus  , 

12  Total  Surplus,  per  mile 

13  Reserve  Funds,  for  Betterments,  per  mile 

INCOnE  AND  EXPENSES. 

14  Gross  Earnings,  per  mile 

15  Percentage  of  Gross  Earnings  to  Capital 

16  Expenses,  per  mile 

17  Percentage  of  Expenses  to  Gross  Earnings 

18  Net  Earnings,  per  mile 

19  Additional  Miscellaneous  Income,  per  mile 

20  Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

21  Expenses  for  Maintenance  of  Equipment,  per  mile 

22  Percentage  of  Gross  Earnings  for  Mamtenance 

23  Percentage  of  Expenses  for  Maintenance 

24  Expenses  for  Conducting  Transportation,  per  mile 

25  General  Expenses,  per  mile 

20  Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses 

27  Surplus  Earnings,  per  mile 

28  Percentage  of  Gross  Earningsior  Surplus 

29  Betterments  charged  to  Reserve  Funds,  per  mile 

(t  Market  value. 
b  Cost  to  Company. 
c  Par  value. 


MISSOURI,  KANSAS  AND  TEXAS. 


June  30,  1901. 


31,336 
34,087 

a  309 
1,685 

84.8 

1,915 

34,406 

3,150,063 

3,639,858 

3,585,143 

1,140 

350 

6,800 

10.4 
4,778 

70.3 

3,033 

17 

1,343 

601 

37 

38.6 

3,615 

330 

43.3 
355 
5.3 


J  ONE  30,1902. 


33,438 

39,038 

61,466 

nlS7 

1,588 

34.3 

1,796 

33,440 

8,384,979 

3,801,083 

1,360,348 

504 

437 

6,557 

10.7 
4,619 

70.4 
1,938 
13 
1,058 
599 
35.3 
35.9 
3,650 
311 
45.1 
364 

5.5 
169 


ST.  LOUIS  SOUTHWESTERN. 


June  30,  1901. 


June  30,  1902. 


9 
10 
11 
12 
13 

M 
15 
16 
17 
18 
19 
20 
21 


24 
25 

26 
27 

28 
29 


38,636 

34,581 

53,147 

J  91 

1,006 

17.4 

8,104 

13,941 

3,.564,421 

1,358,491 

918,593 

730 

1,067 

5,793 

10.9 
3,633 

63.7 
3,160 
64 
847 
587 
33.6 
37.8 
1,960 
899 
38.9 
1,319 
81 
173 


38,035 

88,937 

56,963 

(;309 

1,135 

30 

3,199 

13,650 

7,017,555 

1,117,471 

1,458,017 

1,138 

404 

5,630 

9.9 
4,001 

71.18 

1,030 

69 

1,050 

634 

30 

43.1 

3,039 

378 

41.8 
563 
10 
730 


9 
10 
11 
12 
13 

14 
15 
IC 
17 
18 
19 
20 
21 
22 
23 
24 
25 
28 
27 
28 
29 


44 


ANALYSIS    OF   RAILROAD   REPORTS. 


Statistics 

of   Maintenance    Expenses— Passenger   Traffic. 

- 

J^ame  of  Railroad 

MISSOURI,  KANSAS  AND  TEXAS. 

ST.  LOUIS  SOUTHWESTERN.            | 

JrrNK  30,  1901. 

Jura  30,  1902. 

JnuE  30,  ISOl. 

Junk  30,  1902. 

" 1 

MAINTENANCE  EXPENSES. 

1    Maintenance  of  Way  and  Structure,  per  ton  mile 

cents 

.-^16 

.189 

1 

.»3 

.364 

1 

2    Maintenance  of  Equipment,  per  ton  mile 

cents 

.104 

.107 

2 

.143 

.159 

o 

3 

600 

690 

3 

4 

43 

46 

4     • 

5 

8,030 

1,964 

5 

6    Miiiiitenance  of  Passenger  Cars,  per  car,  per  mile  run 

T    Maintenance  of  Freight  Cars,  per  car,  per  mile  run 

6 

1.05 

1.18 

6 

.63 

.74 

8 

5.03 

5.58 

8 

PASSENGER  TRAFFIC. 

915 

31,81S 

931 
55,609 

10 

1,005 

45,459 

956 
44,914 

9 

10    Passenger  miles,  per  mile 

10 

11    Paeaenger  train  mileage,  per  mile 

1,516 

1,64a 

11 

1,353 

1,347 

U 

12    Passenger  car  mileage,  per  mile 

7,469 

7,816 

12 

6,347 

6,387 

12 

13    Passenger  car  mileage,  per  car 

7a,ii7 

73,365 

13 

63,875 

64,340 

IS 

14    Average  number  of  cars,  per  passenger  train  ....         

4.93 
34.17 

4.8 
34 

14 

15 

4.73 
36.37 

4.83 
33.74 

14 

15 

6.93 

7.1 

16 

7.7 

7 

16 

17    Average  distance  travelled,  per  passenger 

mileB 

56.66 

59.73 

17 

45.33 

46.97 

17 

18    Grose  earnings,  per  passenger 

cents 

1«8.3 

130.6 

18 

109.37 

110.36 

18 

19    Gross  earnings,  per  passenger,  per  mile  travelled 

cents 

».a65 

a.l87 

19 

3.43 

3.35 

19 

20    Gross  passenger  earnings,  per  train  mile 

cents 

94.103 

89.a8 

20 

105.43 

101.91 

20 

21     Gross  passenger  earnings,  per  car  mile 

cents 

19.105 

18.6 

21 

22 

33.34 

31.14 

21 

22    Percentage  of  passenger  expenses  to  earnings 

22 

ANALYSIS    OF    RAILROAD    REPORTS. 


4S 


Statistics  of  Freigiit  Traffic. 


Name  of  Railroad. 


Tear  ending  . 


1  Number  of  revenue  tons  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

1:!  Average  revenue  tons,  per  freight  train 

13  Average  revenue  tone,  per  loaded  car 

14  Average  revenue  tous,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  enrnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  earnings 


21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each  ■ 


MISSOURI,  KANSAS  AND  TEXAS. 


Juke  30,  1901. 


3,157 

57e,0!J3 

3,714 

63,531 

13,567 

37.17 
83.41 
7.37 
68.94 
313.8 
13.15 
9.07 
367.1 
347.6 

.937 
196.78 
8.41 


June  30,  190a. 


3,006 

558,684 

3,707 

63,936 

13,560 

34.41 
33.35 

8.8 
63.16 
306.4 
14.3 
8.88 
378.64 
351.9 

.904 
186.66 
8.03 


36.5 Coal 34.5 

38.3 . .  Agricultural  Products . .  36.S 
13.7.   .   .Manufactures 13.4 


ST.  LOUIS  SOUTHWESTERN. 


June  30, 1901. 


9 
10 
II 
13 
13 
14 
15 
16 
17 
18 
19 
20 

21    \ 


1,881 

367,571 

1,751 

3,996 

37,316 

40,359 

7,665 

31 

31.31 

6.39 

70 

309.99 

14.08 

9.85 

195.42 

335.63 

1.31 

355.78 

18.81 


JlTNE  .30,  1902. 


8,000 

398,854 

1,716 

4,013 

37,044 

35,197 

7,665 

31 

31.5M 
6.39 
70.4 
333.08 
15.38 
10.8 
199.1 
314.81 
1.08 
353.3 
11.74 


50.3 Lumber 50.4 

15.1 Cotton  Products. . . .  10.7 

11.3..0ther  Agric.  Products..  17.3 


10 
It 
13 
18 
14 
15 
16 
17 
18 
19 
20 

31 


4« 


ANAIA>ilS    OF    RAILROAD    REPORTS. 


Statistics   of    Physical   Condition. 


Name  of  Railroad  . 


Tear  ending  . 


1    Mileage  owned 

S  Mileage  owngd,  leoecil  and  controlled  by  ownership  of  Stock  . 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  varioue  kinds  of  ballast. 


6    Mileage  of  second,  third  and  fourth  main  tracks . 

T    Mileage  of  yard  side  tracks 

8    Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  varioae  weight  rails . 


CHICAGO,  ROCK  ISLAND  &  PACIFIC, 


March  31,  liiOl.    i    March  31,  1902. 


BURLINGTON,CEDARRAPIDS&  NORTHERN 


10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives poimdfe 

12  Number  of  Freight  Cars  owned,  per  mile  

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile  

u  Approximate. 


3,178 

3,819 
a  3,819 


•i^9 

775 
303 


.190 


.115 


3,319 

3,910 
a  3,910 


283 
813 
311 


.161 


5.03 
.131 


December  31,  1900. 


10 
11 
13 
13 

14 


1,377 
1,389 
1,193 


DECE3IEEB3I,  1901 


1,399 
1,311 

1,388 


168 
177 


52  to  80  lbs.  per  yd. 


.113 


4.59 
45,360 

.087 


.109 
18.000 

4.33 
46,940 

.083 


ANALYSIS    OF    RAILROAD    REPORTS. 


47 


Statistics   of — Assets   and    Liabilities — Income   and    Expenses. 


Nante  of  Ra itrO€i(l . 


CHICAGO.  ROCK  ISLAND  &  PACIFIC 


BURLINGTON.CEDAR  RAPIDS  &  NORTHERN, 


Tear  ending. 


March  31,  1901. 


ASSETS  AND  LIABILITIES. 

1  Stoc-kg  outstauding,  per  mile 

2  Bonds  outstanding,  per  mile 

3  Total  Stocks  and  Bonds^,  per  mile 

4  Various  Stocks  and  Bonds  in  Treasury,  per  mile 

5  Fixed  Charges,  including  Taxes,  per  mile 

6  Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

7  Charges  ahead  of  Common  Stock,  per  mile 

8  Amount  of  Commoa  Stock  outstanding,  per  mile. . . 

9  Total  Current  Assets 

10  Total  Current  Liabilities 

11  Total  Surplus 

12  Total  Surplus,  per  mile 

13  Reserve  Funds,  for  Betterments,  per  mile 


INCOHE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile ■ 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance  

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses . 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Fimds,  per  mile 

oNot  including  the  amount  charged  off  for  betterments- 


13,0»JS 

1S,508 

31,580 

1,635 

1,-41» 

18.7 

i,a4a 

l»,07!i 

8,935,163 

1,911,190 

10,813,670 

»i,83!S 


6,641 

Jil 
4,348 

63.96 

3,393 

184 

1,304 

781 

39.9 

46.7 
3,109 
153 

34.1 
1,335 

30.1 


-over  $3,OCO,000  in  all. 


MiRtH  31,  1903. 


December  31,  1900. 


,  December  31, 1901 


13,311 

17,310 

33,631 

1,581 

1,333 

16.8 

1,333 

13,311 

30,144,873 

3,033,540 

13,386,755 

3,910 


7,360 

33.3 
4,433 

61.U 
2,837 
343 
1,188 
744 
36.G 
34.3 
3.343 
158 
34.4 
1,847 
35.4 


9 
10 
11 
12 
13 

U 
15 
16 
17 
18 
W 
20 
21 
2-2 
23 
24 
25 
26 
27 
28 
29 


3,970 

13.348 

19,318 

79 

793 

19.3 

793 

3,970 

1,086,046 

315,984 

(T  4,831,371 

4,041 


4,064 

31.1 
3,886 
71 
1,178 
319 
1,063 
513 
38.75 
54.6 
1,302 
109 

33.37 
604 
14.9 


3,<559 

13,848 

18,407 

481 

738 

17.7 

738 

3,.-.39 

734,745 

639,463 

03,473,773 

4,349 


4,163 

33.6 
3,600 

63.3 
1,363 
33 
931 
357 
■      31.4 
30.3 
1,192 
100 
31 
847 
30.4 


48 


ANALYSIS    OF   RAILROAD    REPORTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


yante  of  Jtaitfoad . 


Tear  endinff. 


HAINTENANCE    EXPENSES. 

Maintenance  of  Way  and  Strncture,  per  ton  mile cent; 

Maintenance  or  Equipment,  per  ton  mile cents 

Maintenance  of  Passenger  Care,  per  car 

Maintenance  of  Freigtit  Cars,  per  car 

Maintenance  of  Locomotives,  per  locomotive    

Maintenance  of  Passenger  Cars,  per  car,  per  mile  rnn cents 

Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

Maintenance  of  Locomotives,  per  locomotive,  per  mile  run  . .  .cents 
PASSENGER   TRAFFIC. 

Number  of  passengers  carried,  per  mile 

Passenger  miles,  per  mile  

Passenger  train  mileage,  per  mile 

Passenger  car  mileage,  per  mile  

Passenger  car  mileage,  per  car 

Average  number  of  cars,  per  passenger  train - 

Average  number  of  passengers,  per  passenger  train  

Average  number  of  passengers,  per  car  

Average  distance  travelled,  per  passenger miles 

Gross  earnings,  per  passenger cents 

Gross  earnings,  per  passenger,  per  mile  travelled cents 

Gross  passenger  earnings,  per  train  mile cents 

flross  passenger  earnings,  per  car  mile cents 

Percentage  of  passenger  expenses  to  earnings 


CHICAGO,  ROCK  ISLAND  &  PACIFIC. 


March  31,  1901.       Makch  31,  1903. 


.asr 

.16T 
817 
9-6 
1,S44 

.S71 
.699 
4.33 

1,939 

77,560 

1,813 

9,835 

81,639 

5.17 
43 

8.5 
40 
86 

a.115 

108 
iiO.89 


.»53 
.153 
847 
51 
1,846 

i.oas 

.46'^ 
4.96 

■4,104 

95,331 

1,930 

10,003 

83,693 

5.17 
49 

9.5 
45 
98 
3.81 
131 
33.40 


BURLINGTON,CEDAR  RAPIDS  &  NORTHERN. 


December  31,  1900.         Decehbeb  31, 1901 


10 
11 
12 
1:) 
14 
1.5 
16 
17 
18 
19 
20 
21 
28 


.439 
.313 
.533 

35 
1,054 

1.058 

.71 
3.50 

934 
37,130 
1,339 
4,933 
50,370 
4 
30.3 
7.6 
39.7 
101.5 
3.5 
93.4 
33.35 


.393 
.147 
479 
19 
1,036 

1.016 
.535 
3.88 

961 
39,833 
1,164 
4,057 
47,158 
4 
34.3 
8.6 
41.4 
103.5 
3.5 
100.7 
35.18 


AN^VLYSIS   OF   RAILROAD   RKl'OH'l'S. 


4U 


Statistics  of  Freight  Traffic. 


Name  of  Railroad . . 


Tear  ending. 


1  Number  of  revenue  tone  carried,  per  mile 

5  Keveuue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotiye 

7  Freight  car  mileage,  per  car , 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tons,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tone,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  earnings 


21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


CHICAGO,  ROCK  ISLAND  &  PACIFICIBURLINGTON.  CEDAR  RAPIDS&NORTHERN 


Makch  31,  1901.    j    Makch  31, 1902.  Decembeh  31,  1900.         I  December  31,  1901 


3.018 

4G8,47i 

3,379 

5,67T 

5I,G71 

37,904 

a  10,873 

a  39.8 

30.03 


183 

6.4: 

HSii 
330 

.99 
180 
8.99 


3,109 

470,365 

3,64G 

6,006 

.55,731 

37,319 

a  11,039 

a  30.3 

31.05 


M7.7 

5.9 
!i33 
331 

1.04 
184 

8.74 


30.8... J  Grain  and  Flour... 30.3 

19.6 ....  Manufactures 33.3 

14.9 Bituminous  Coal 15.6 

13.5..Piioducts  of  Animals. .11.8 


10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 


1.776 

341,740 

1,.383 

3,331 

36,356 

30,109 

3,500 

9.59 
19 
4.3 
77.31 
175 
11.9 
9.3 
136.1 
163.33 

1.3 
310.4 
11.0T 


1,643 

343.647 

1,.369 

3,181 

35,198 

31,375 

3,617 

9.91 
18.4 
3.9 
78.97 
177 
13.3 
9.6 
147.7 
177.34 

1.3 
310.0 
11.46 


Tonnage  much  diversified. 


21 


a  Report  not  clear  on  this  point. 

b  Com  furnished  10.3  ,■:  of  total  tonnage  in  liiOI  and  6.2  ^  in  1003. 


50 


ANALYSIS    OP    RAILROAD    REPORTS. 


Statistics   of   Physical   Condition. 


Name  of  Railroad  . 


CHICAGO,  ST.  PAUL, 
MINNEAPOLIS  &  OMAHA. 


Year  ending . 


1  Mileage  owned 

2  Mileage  owned,  lenscd  and  controlled  by  ownership  of  Stock  . 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  various  kinds  of  ballast. 


6  Mileage  of  second,  third  and  fourth  main  tracks  . 

7  Mileage  of  yard  side  tracks 

8  Numberof  ties  renewed  in  track,  per  niOe 


9    Mileage  of  various  weight  rails. 


10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars poundi 

14  Number  of  Passenger  Cars  owned,  per  mile  

u  Includes  100  miles  under  construction. 


December  81 ,  1900.  December  31, 1901 


1,488 
1,557 
1,344 


3!i 
459 


1,488 
1,591 
1,574 


3a 

459 


56  to  80  lbs.  per  yd. 

.179 

6.787 

.145 


.176 

G.e 


.14« 


CHICAGO  AND  NORTH  WESTERN. 


Mat  31,  1901. 


10 
11 
12 
13 

14 


5,577 

a  5,767 

5,507 


714 

1,975 

395 


Mat  31, 1902. 


5,891 
5,953 
5,760 


797 

3,130 

361 


72,  80  and  "JO  lbs.  per  yd, 

J 
.193  .17 

7.53  7.5 

olTl  1  cl86 


ANALY'SIS    OF    KAlLKoAl)    HKPOKTS. 
Statistics   of — Assets   and    Liabilities — Income   and    Expenses. 


51 


Name  of  Railroad. 


Tear  ending. 


ASSETS  AND  LIABILITIES. 

Stocks  outstanding,  per  milo 

Bonds  outstandinj;,  per  mile 

Total  Stoclie  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  miJe 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Ctiarges  and  Taxes  to  Earnings. 

Charges  ahcid  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile. . . 

Total  Current  Assets 

Total  Current  Liabilities , 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 


INCOnE  AND  EXPENSES. 

14  Gross  Earnings,  per  mile 6,700  7,11^ 

15  Percentage  of  Gross  Earnings  to  Capital 3-1,7  37.5 

16  Expenses,  per  mile. , 3,948  4,188 

17  Percentage  of  Expenses  to  Gross  Earnings 58.93  58.88 

18  Net  Earnings,  per  mile 3,75a  3,9!J4 

19  Additional  Miscellaneous  Income,  per  mile 

20  Expenses  for  Maintenance  of  Way  and  Structure,  per  mUe 1,339  1,370 

21  Expenses  for  Maintenance  of  Equipment,  per  mile 593  079 

28    Percentage  of  Gross  Earnings  for  Maintenance  37.1  37.4 

23  Percentage  of  Expenses  for  Maintenance 45,9  46, 

24  Expenses  for  Conducting  Transportation,  per  mile 1,969  3,096 

2j    General  Expenses,  per  mile .' 156  143 

SO    Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses 31.7  31.3 

27  Surplus  Earnings,  per  mile 1,553  1,734 

28  Percentage  of  Gross  Earnings  for  Surplus 33,3  34.4 

89    Betterments  charged  to  Reserve  Funds,  per  mile 343  338 

a  Book  value, 

ft  After  deducting  the  amount  of  dividends  received  on  Chicago,  St.  Paul,  Minneapolis  and  Omaha 

c  Not  including  S9,708,215  in  sijiking  funds  in  1901.  and  $10,179,725  in  1902. 

<l.  After  deductmg  %1^1  i)cr  mile  for  betterments  in  1901,  and  $81.1  per  mile  in  1902. 


CHICAGO,  ST.  PAUL, 
MINNEAPOLIS  &  OMAHA. 


December  31, 1900.   December  31, 1901 


19,313 

13,653 

34,966 

1,143 

1,004 

15 

1,534 

13,030 

,618,939 

,574,831 

663,673 

1,735 

367 


18,945 

16,334 

34,399 

1,130 

1,191 

16.7 

1,691 

11,791 

3,086,076 

3,643,965 

3,188,103 

3,035 

403 


CHICAGO  AND  NORTH  WESTERN. 


Mat  31, 1901. 


8 
9 
10 
11 
12 
1.3 

14 
1.5 

in 

17 
18 
19 
20 
21 
22 
23 
24 
26 
20 
27 
28 
29 


11,169 

34,983 
36,133 
a  4,933 
h  1,451 

18.5 

b  1,736 

7,103 

5,191,883 

7,085,900 

<;  8,497,587 

1,543 


7,836 

31.6 
4,694 

59.98 
3,133 
105 
1,006 
700 
31.8 
36.3 
3,831 
157 
38.3 
d  1,036 

13.1 


Mat  31,  1902. 


10,679 
35,379 
35,958 
a  4,661 
b  1,398 

17.3 

6  1,670 

6,793 

7,718,768 

7,967,364 

C  10,419,717 

1,809 


8,098 

33.5 
4,963 

61.31 

3,133 

100 

1,059 

839 

33.3 

38 

3,937 

150 

38 

il  1,030 

13.6 


stocks ;  $1.57  per  mile  in  1301  ;  $110  per  mile  in  1!K)2. 


53 


ANALYSIS    OF    KAILKOAl)    REPORTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


A'ame  of  Railroad. 


Tvar  ending. 


HAINTENANCE    EXPENSES. 

1  Mainlciiance  of  Way  and  Structure,  per  ton  mile cents 

'Z  Maintenance  of  Equipment,  per  ton  mile cents 

^  Maintenance  of  Passenger  Care,  per  car 

4  Maintenance  of  Freight  Cars,  per  car. 

5  Maintenance  of  LocomotiveB,  per  locomotive 

(i  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run  . .  .cents 

PASSENGER   TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile  

1 1  Pasgenger  train  mileage,  per  mile 

12  PaesengtT  car  mileage,  per  mile  

13  Passenger  car  mileage,  per  car 

U  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

IB  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

10  Gross  earnings,  per  passenger,  per  mile  travelled cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

"ii  Percentage  of  passenger  expenses  to  earnings 


CHICAGO,  ST.  PAUL, 
MINNEAPOLIS  &  OMAHA. 


December  31, 1900.   Dece,mber31,1901 


.'is 

506 

»H 

1,837 

.886 

4.31 

1,886 

65,183 

1,705 

8,888 

57,187 

4.86 
38 

7.8 
S0.65 
188 

8.41 
109 
88.4 


.843 
.189 
605 
38 
1,556 

.995 
.448 
3.94 

1,389 

73,973 

1,716 

8,658 

60,836 

5.05 
43 

8.5 

58.9 

188.6 

3.38 
117 
33.8 


CHICAGO  AND  NORTH  WESTERN. 


Mat  31,  1901. 


May  31,  1902. 


10 
11 
12 
13 
14 
I.') 

le 

17 
18 
11) 
20 
21 
22 


.149 
.104 
675 
35 

1,405 

1.069 

.883 
3.76 

3,077 

87,736 

8,811 

10,711 

63,169 

4.87 
39.66 

8.1 
38.58 
57 

8.01 
95 
19..M 


.148 

1 

.119 

2 

535 

3 

39 

4 

1,871 

.5 

1.073 

6 

4.83 


3,838 

94,041 

8,401 


39.17 


89.05 

58 

3.01 
94 


ANALYSIS   OF  KAILROAD  REPORTS. 


53 


Statistics  of  Freight  Traffic. 


Xame  of  Railroad,. 


Tear  ending. 


1  Number  of  revenue  tons  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  cur  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  care,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train . 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tone,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car  k 

14  Average  revenue  tons,  per  loaded  and  empty  car 

1.') 
16 
17 
18 
19 
20 


Average  distance  of  haul,  per  ton  of  freight miles 

Gross  earnings,  per  ton cents 

Gross  earnings,  per  ton,  per  mile  hauled cents 

Gross  freight  earnings,  per  train  mile cents 

Gross  freight  earnings,  per  car  mile cents 

Percentage  of  freight  expenses  to  earnings 

r 

21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


a  Report  not  clear  on  this  point. 


CHICAGO.  ST.  PAUL. 
MINNEAPOLIS  &  OMAHA. 


December  31,  1900. 


»,049 

*89,53!« 

5,11* 

44,64:9 

!«8,538 

a  6,(>38 

a  18 

»ti 

5.1 
■37 
»4a 
14.16 
11 
161 
155.9 

.971 
335 
10.65 


December  31, 1901. 


3,323 

5-J3,964 

a,119 

5,436 

48,598 

30,891 

a  7,364 

a  30 

33 

5.8 
75 
347 
14.35 
10.7 
163 
156 

.961 
337 
10.35 


CHICAGO  AND  NORTH  WESTERN. 


Mat  31,  1901. 


s 

9 

10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 


4,589 

673,138 

3,893 

7,193 

06,606 

37,377 

a  8,858 

a  34.3 

33.06 

5.9 

74.4 

333.37 

13.54 

10.1 

146.46 

134 

.85 
19S 
S.S9 


Mat  31, 1902. 

5,091 
715,701 

3,867 
7,389 


349.69 
14 

140..59 
114 

.81 
303 


54 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics   of    Physical   Condition. 


Xatne  of  Railroad. 


Year  endiiif/ . 


1    Milcas^c  owned 

3  Mileage  owned,  leased  and  coutrolled  by  ownership  of  StocU. 

3  Average  mileage  operated 

4  Mileage  ballasted 


Mileage  of  various  kinds  of  ballast.. 


G    Mileage  of  second  and  additional  main  track. 

7  Mileage  of  yards  and  sidings 

8  Number  of  ties  renewed  in  track,  per  mile  . . . 


9   Mileage  of  varions  weight  rails  . 


10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars poundi 

14  Number  of  Passenger  Cars  owned,  per  mile 


CHICAGO,  MILWAUKEE  AND 
ST.  PAUL. 


June  30,  1901. 


0,604 
6,781 
6,513 


303 

1,676 

379 


June  30, 1002. 


6,617 
6,793 
6,601} 


316 

1,773 

381 


56  to  85  lbs.  per  yd. 


.136 


.'J.S33 
49,035 

.131 


5.98 
50,584 

.134 


CHICAGO,  BURLINGTON  AND  QUINCY. 


June  30,  1901. 


10 
11 
12 
13 

14 


Not  stated. 
«  7,993 
6  7,753 


433 
c  1,690 


June  30, 1902. 


Not  stated. 
«  8,134 
J  8,1 09 


464 

C  1,690 


56  to  75  lbs.  per  yd. 

a. 1*9 

rf5.54 


d  .13 


rf.l45 

(i5.43 


d  .I'i 


aC.B.  &  Q.  controls  narrow  gauge  road  not  included  in  mileage  here  recorded,  although  contributing  to  earnings  ;  179  miles  in  1901  and  229  miles  in  1902. 

i  Not  including  the  Kansas  City  and  Omaha  Kailway,  203  miles,  which  is  operated  separately. 

c  Approximate. 

(i  Excluding  narrow  gauge  equipment,  because  narrt>w  gauge  mileage  is  excluded. 


ANALYSIS  OF   RAILROAD  REPORTS. 
Statistics   of — Assets   and    Liabilities — Income   and    Expenses. 


55 


Navie  of  Railroad . 


Tear  ending  . 


ASSETS  AND  LIABILITIES. 

Stocks  outstantiing,  per  mile 

Bonds  ontt-tanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  £aniiiigs. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 


INCOHE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  foi   Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


CHICAGO,  MILWAUKEE  AND 
ST.  PAUL. 


June  30,1001. 


1.5,430 

19,493 

34,9*3 

333 

itigj- 

18 

i,6rr 

17,84.5,840 

r,3<ir,697 

( 17,0i4G,aa9 

a,707 

533 

6,3U6 
18.6 
J3,738 
.57.3 
a,778 
HI 
999 
464 
a  3.  .5 
35.8 
3,1.39 
135 
34.7 
6  1,356 
19 
541 


JlTNE  :M.  1903. 


17 

«30, 


16,880 

18,897 

34,777 

336 

1.152 

16.7 

1,647 

8,809 

,865,745 

401,493 

,682,089 

3,131 

736 

6,906 
19.8 
b  3,985 
5  7.7 
2,921 
66 
1,093 
509 
23.3 
40.3 
2,253 
130 
34.5 
4  1,400 
21.1 
376 


CHICAGO,  BURLINGTON  AND  QUINCY. 


June  30, 1901. 


3 
4 
5 
6 

8 
il 
10 
11 
12 
13 

14 
1.5 
16 
17 
!8 
19 
30 
21 
22 
23 
24 
25 
36 
37 
88 
39 


14,263 

c  18,987 

33,250 

674 

1,273 

19.9 
1,272 
14,363 
9,723,558 
0,929,848 
</26,376,647 
3,402 
1,506 

6,456 

19.4 
4.184 

C4.8 
3,273 

49 

1,119 

786 

39.5 

45.5 
3,087 
192 

36.3 
1,048 

16.3 


June  30,  1903. 


13,664 

C 18,705 

33,369 

1,101 

1,239 

18.7 

1,339 

13,664 

14,460,087 

12,341,649 

;/ 33,807,630 

4.046 

1,440 

6,634 

20.5 
4,194 

63.2 
3,440 
43 
960 
916 
28.3 
44.7 
2,138 
ISO 
8  4.9 
('1,243 
18.7 


a  Not  inchuling  a  Sinking  Fund  of  $638.18.';  in  1901  and  $"63,616  in  1902. 

J  After  deducting  ?3i3  per  mile  appropriated  for  betterments  in  1901  and  $37.5  per  mile  in  1902. 
c  Includes  Bonds  held  in  Sinking  Fund,  amounting  to  $1,703  per  mile  in  I'.IOI  and  81,586,  per  mile  in  1903. 
d  Sinking  Funds  not  included,  amounting  to  S31..'j99,3-I5  in  1901  and  $30.a53,8!iO  in  1903. 

eThe  Chicago,  Burlington  nud  Qnincy  RaUway  leases  the  C.  B.  &  Q.  Railroad^  and  pays  as  rental,  7%  on  the  stock  of  the  latter.    The  surplus  iu  1903  over  and  above 
this  rental  was  gljO  per  mile. 


56 


ANALYSIS    UF    KAILKOAD    HEPUHTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


yatne  of  Railroad . 


Year  ending. 


HAINTENANCE    EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  ton  mile cents 

3  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

ti  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car.  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run — cents 

PASSENGER    TRAFFIC. 

0  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car '. 

14  Average  number  of  cars,  per  passenger  train 

13  Average  number  of  passengers,  per  passenger  train 

15  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

IS)  Gross  earnings,  per  passenger,  per  mile  travelled cents 

30  Gross  passenger  earnings,  i)er  train  mile cents 

21  Gross  passenger  earnings,  jier  ear  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 


CHICAGO,    MILWAUKEE    AND 
ST.  PAUL. 


JUXE  30,  1901. 


.178 
.083 


568 

27 

948 


l,a76 

53,464 

1,523 


34.45 


41.07 

95.28 

S.Sii 

80.05 


June  30,  1902. 


.181 
.084 


56a 

33 

1,037 


1,387 

58,281 

1,551 


37.4 


42.03 
97.38 

a. 317 
87.04 


CHICAGO,  BURLINGTON  AND  QUINCY. 


June  30,  1901. 


9 
10 
11 
12 
13 
14 
15 
16 
17 
18 
1!) 
30 
21 
22 


.222 
.157 


645 

68 

1,901 


68,772 
1,780 


2.1C 
118.72 


JVNE  80,  1903. 


.169 
.161 


714 

70 

2,194 


74,009 
1,859 


!.13 

.84 


ANALYSIS    OF    liAlLHOAl)    KEFoKTS. 


57 


Statistics  of  Freight  Traffic. 


^  tune  of  Railroad 

Year  ending 

1  Numbt'i  of  ivvemie  tons  carried,  per  mile 

2  ReveijUf  Ion  mile?,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

ti  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

0  Average  number  of  all  freight  cars,  per  freight  truin. 

10  Average  number  of  empty  freight  curs,  per  freight  train  

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

Vi  Average  revenue  tons,  per  freight  tiain 

13  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tout-,  per  loaded  and  empty  car 

15  Average  diAtance  of  haul,  per  ton  of  freight miles 

16  Grose  earnings,  per  ton ccntt 

17  Grogs  earnings,  per  ton,  per  mile  hauled cents 

18  Groee  freight  eamiugs,  per  train  mile cents 

19  Groys  freight  earnings,  per  car  mile centte 

20  Percentage  of  freight  expenses  to  earning:* 

•Jl  Principal  articles  of  freight  and  pcicentage  of  tonnage  from  each 
a  Kei'i-rl  nul  char  on  tlii.s  point. 


CHICAGO,  MILWAUKEE  AND 
ST.  PAUL. 

CHICAGO,  BURLINGTON  ANQ   QUINCY. 

June  30. 1901. 

JCNE  30,1903. 

J 

CITE  30, 1901. 

June  30, 1903. 

3,766 

3,011 

004,095 

3,376 

1 

3 
1 
5 
6 

7 

0 

10 
11 
1.' 
13 
U 
1.. 
10 
IT 
IK 
I'.l 
20 

538,965 
3,303 

499,339 

3,473 

3,338 

47,093 

63,706 

« 10,645 
o39.3 
36.78 

7.731 
71.1 
334.35 
13.34 
9.05 
300.05 
108.3 

.84 
313.0 
7.970 

a  10,373 

a  38.4 

35.36 

7.38 

71.03 

330.65 
13.94 

303 

355 

9.36 

303.1 

174.1 

.863 
175.63 

.801 
303.8 
7.97 

.773 
191.38 

7.9 Wheat           '•*  1 

"1 
1 

19.9.C)thi.-r  Agricultural  Pi-od.17.4  i 

19.1....  Products  of  Forests  ...18.3  j- 
15      Manufactures 17.0  J 

1 

I 

9 
10 
II 
l-i 
13 
14 
15 
10 
17 
1» 
19 
20 


58 


ANALYSIS    (tF    KAILKOAI)    KEPOHTS. 


Statistics  of  Physical  Condition. 


yame  of  Haiirond . 


WABASH. 


WHEELING  AND  LAKE   ERIE. 


Tear  ending. 


1    Mileage  owned 

'2  Mileage  owned,  leaded  and  controlled  by  ownersliip  of  Stock. 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  varions  kindn  of  ballast. 


fi    Mileage  of  second,  third  and  founli  main  tracks  . 

T     Mileage  of  yard  and  side  tracks 

8    Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails 


ponnds 


10  Number  of  Locomotives  owned,  per  mile 

1 1  Average  tractive  power  of  Locomotives 

1*2  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Namber  of  Passenger  Care  owned,  yx'v  mile 

u  Includes  second  ti'ack. 

b  Exclusive  of  733  miles  of  soil  and  cinders. 


Jt  NE  30.  I'.lOI. 


I 


1,711 

a, 30  7 
»,36() 

i,.-»oa 


.JixE  30,  19ii-J. 

1,936 

a,483 

■i,t38 

b  1,730 


(;ravel l.dOO 

..Burnt  Clay 500  ■ 

.('rushed  Rock 50  | 

J 


a  8MG 
5G1 


O940 
39tl 


Jl'NE  30,  I'JIll. 


i 

J 

.184 

.iOl 

10 

ij,au7 

O.HO 

11 

0.69 

56,960 

13 

.13 

•lea 

14 

461 
470 
44a 


JixE  .30.  1902. 


461 
473 

44  a 

469 


.Gravel 409  j 

.cinder 60  ! 


4  4 

193  I  a07 

441  315 

1 
I 

. .,'(;  to  so  ll)s.  per  yd }■ 


.ass  .a7 

I  19,667 

18.18  ai.ai 

30.981  I  38.3ao 

.133  I  .131 


ANALYSIS   OF   liAILHOAl)   HEPORTS. 


59 


Statistics  of — Assets   and     Liabilities — Income   and    Expenses 


\ame  of  Railroad. 


Tear  endinff  . 


ASSETS  AND  LIABILITIES. 

Stocke  outstanding,  per  mile 

Bonds  outetandinp;,  per  uiile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

7  Charges  ahead  of  Common  Stock,  per  mile 

8  Amount  of  Common  Stock  outstanding,  per  mile 

11    Total  Current  Assets 

W    Total  Current  Liabilities 

1 1    Total  Surplus 

Vi    Total  Surplus,  per  mile 

13    Reserve  Funds,  for  Betterments,  per  mile 


6 


INCOME  AND  EXPENSES. 

14  Gross  Earnings,  per  mile 

l.^  Percentage  of  Gross  Earnings  to  Capital 

10  Expenses,  per  mile 

17  Percentage  of  Expenses  to  Gross  Earnings 

18  Net  Earnings,  per  mile , 

19  Additional  Miscellaneous  Income,  per  mile 

•iQ  Expenses  for  Matnten.inceof  Way  and  Structure,  pel-  mile 

21  Expenses  for  Maintenance  of  Equipment,  per  mile 

28  Percentage  of  Gross  Famines  for  Maintenance 

23  Percentage  of  Expenses  for  Maintenance , 

24  Expenses  for  Conducting  Transportation,  per  mile 

25  General  Expenses,  per  mile 

2t)  Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

27  Surplus  Earnings,  per  mile 

28  Percentage  of  Gross  Earnings  for  Sui-plus 

29  Betterments  charged  to  Reserve  Funds,  per  mile 


WABASH. 


June  SO,  1901. 


,1  :i6,051 

.543 
1,739 

3,314 

11,864 

a,466,3e9 

3,937,65S.-. 

403,000 

171 


7,437 

I'i.H 
.>.403 

73.04 
a,034 
111 
b  1,04.5 
b  1,000 
*  38.4 
6  39 
63,171 
130 
b  44.8 
Cl38 
1.7 


Juke  30,  1902. 


3I,33'.I 

n  37,781 

.59,110 

.50.5 

1,78.5 

33.8 

3,313 

11,485 

3,3.51,411 

4,358,548 

643,431 

304 


7,K15 

13.3 
.5.679 

73.08 
3.133 
131 
1,195 
l,03f. 
A  38.4 
39. 1 
3,337 
131 
6  44.3 
c  109 
3.3 


WHEELING  AND  LAKE  ERIE. 


June  30,  inoi. 


9 

10 

n 
12  ■ 
13 

14 
1.5 
111 

ir 

IS 

111 

20 
21 
23 
23 
21 
25 
26 

ar 

28 
29 


80,7  78 

33,100 

113,878 

1,047 

1,000 

34.8 

3,081 

4.5,371 

931,631 

1,317,017 

3.53,504 

SOO 


6,679 

5.9 
4,693 

70.39 
1,98* 
7 
759 
889 
34.7 
35.1 
3,797 
3.50 
43.0 


333 


June  30, 1902. 


83,600 

33,839 

119,495 

1,046 

1,678 

31 

3,314 

45,371 

1,310,.345 

1,411,833 

435,637 

963 


7,999 

0.7 
3,866 

73.33 
3.133 

1,183 
1,307 
39.9 
40.7 
3,341 
336 
43.5 
163 
3 


3 
4 

5 
6 

7 
K 
9 

:o 
11 

12 
13 

U 
15 
lU 
17 
18 
19 
30 
21 
22 
23 
24 
23 
20 
27 
28 
39 


a  Includes  412,712  per  mile  of  Debenture  bonds  in  190]  and  812,305  per  mile  in  1902. 

b  Estimated. 

<■  Afier  deducting  $27f<  per  mile  spent  for  betterments  in  1901  and  $313  per  mile  in  l!i02. 


60 


ANALYSIS    OF    liATr.lioAl)    liKPORTS. 


Statistics  of  Maintenance  — Passenger  Traffic. 


Xante  of  Jtailroad . 


Year  endinff. 


MAINTENANCE   EXPENSES. 

1  Muinteiijince  of  Way  and  Structure,  per  ton  mile cente 

2  Maiiiteimnce  of  Kiiuipineut,  per  ton  mile centp 

3  Maintenance  of  Passenger  Cars,  per  car 

i  Maintenance  of  Freight  Cars^  per  car 

.T  Maintenance  of  Locomolives,  per  locomotive 

(i  Maintenance  of  Passenger  Care,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run. . .  cents 

PASSENGER   TRAFFIC. 

ii  Number  of  jiiissengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

]."»  Average  number  of  passengers,  per  passenger  train. 

16  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cente 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cente 

22  Percentageof  passenger  expenses  to  earnings 


WABASH. 


June  30,  1901. 


June  30,  1902. 


.137 
07 

a.iK7 

.(198 
.39 
.5.10 

3,0il4 

111,978 

.3,066 

14,46.> 

96.164 

4..-.7 
36..]! 
8 

as, a 

lOO.K 
1.883 
85.14 
18.63 
G7 


.13 
.135 
693 
44 

2.373 

.7  08 
.313 

5.68 

a,090 

133,366 

.3,135 

14.630 

90,030 

4.64 
43 

9.1 
63.3 
113.13 
1.791 
91.4 
19.71 
68.7 


WHEELING  AND  LAKE  ERIE. 


JCNE  30,  1901. 


lu 
11 
la 

13 
14 
1.3 
IC, 

i; 

l(i 

13 
20 
21 
22 


.<I79 
.093 
349 
17 
1,561 

1.383 
.433 


1,739 

43,515 

1,947 

3,710 

43.709 

3.9J 
68.35 
33.39 
85.96 
51.86 

3 
33.43 
18.33 


June  30, 1902. 


.O'.l 
.093 
619 
33 
3,07  7 

1.397 
..301 
7.13 

1,931 

33,700 

1,799 

3,810 

44,334 

3.33 
80.78 
33.01 
37.8 
33.38 
1.8S 
0.3.83 
19.74 


ANALYSIS  Ob'  HAILROAU  REPORTS. 


61 


Statistics    of    Freight    Traffic. 


^ame  of  Railroad, 


Tear  ending. 


Number  of  revenue  tons  carried,  per  mile  

Ilevenne  ton  miles,  per  mile 

Freighl  train  mileage,  per  mile 

Locomotive  mileage,  per  mile 

Fieiglit  car  mileage,  per  mile 

Locomotive  mileage,  per  locomotive 

Freight  car  mileage,  per  car 

Freight  car  mileage,  per  car,  per  day 

Average  uamber  of  all  freight  care,  per  freight  train 

Average  number  of  empty  freight  cars,  per  freight  train 

Percentage  of  loaded  car  mileage  to  total  car  mileage 

Average  revenue  tons,  per  freight  train .  - . 

Average  revenue  tone,  per  loaded  car 

Average  revenue  tons,  per  loaded  and  empty  car 

Average  dii^tance  of  haul,  per  ton  of  freight.   miles 

Grose  earnings,  per  ton cents 

Gross  earnings,  per  ton,  per  mile  hauled cents 

Gross  freight  earnings,  per  train  mile cents 

Gross  freight  earnings,  per  car  mile cents 

Percentage  of  freigiit  expenses  to  earnings . . 


:,*!     Piin<-Jiial  .uiieles  ol"  fi  eight  and  porrcntagc  i>f  tonnage  from  each  ; 


(/  Corn  gave  11^  of  tonnage  in  I'JUI  and  ?;.'  in  HJ03. 
.'>  Hepert  not  clear  on  this  point. 


WABASH. 


June  30,  1901. 


June  30,  1903. 


3,540 
838,539 
3,958 
7,849 
77,954 
50,309 
11,353 
31.1 
36.3 
7.8 
73 
^83.47 
16.67 
11.73 
215.1 
133.56 

.564 
159.84 
6.077 


3,519 
798,771 
3,806 
7,611 
74,010 
48,804 
10,393 
38.2 
36.4 
7.4 
71.9 
384.66 
16.69 
13 
300.5 
137.13 

.604 
171.95 
6.51 
76.6 


39     .(/Products  of  AgricuiUire.";! 

30.5 Bituminous  Coal. ...  35.6 

15     Manufactures 15.8 


WHEELING  AND  LAKE  ERIE. 


JlTNE  30,  1901. 


8 
9 
10 
11 
12 
13 
14 
1.5 
1(5 

ir 
l.s 
I'.i 

20 


9,695 

963,095 

3,483 

71,503 

b  3,966 
b  10.9 
38.8 

8.64 
70 
387.^*6 
30.58 
14.41 
99.3 
56.3 
.566 
319 
7.68 


Ju.NK  30,  1902. 


11,896 
1,317,337 
3,061 
7,844: 
83,177 
39,136 
4  3,921 
6  10.7 
37.17 
7.36 
73.3 
430.37 
33.63 
16.57 
109.3 
55.68 
.503 
316 
7.95 


43 Bituminous  Coal 43 

26 Manufactures 35 


16. 


Coke,  Ores,  Stone,  Sand, 
etc 30 


63 


ANAIA':-IIS    OF    l^VILliOAl)    liKPOllTS. 


Statistics  of  Physical  Condition. 


Name  of  Railroad. 


Sear  ending. 


1  Mileage  owned.  

3  Mileage  owned,  leaded  and  controlled  by  ownership  of  Stock . 

3  Average  mileage  operated 

4  Mileage  hallaeted 


5    Mileage  of  various  kinds  of  bjiUiibl. 


H    Mileage  of  second,  thinl  and  fouilli  main  Hacks  . 

7  Mileage  of  yard  and  side  tracks . . .   . 

8  Number  of  ties  renewed  in  track,  par  mile  ...... 


9    Milease  of  various  weiiflit  roil^*       -', 

'  I 

I. 

10  Nuuibtr  of  LocomotivL-y  owiu-d.  per  inile 

11  Average  tractive  power  of  Locomotives pountis 

13    Number  of  Freight  Cars  owned,  per  mi!c     

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 


ANN  ARBOR. 


JUSE  30, 1901. 


June  30,  1903. 


't9i 
■i'.fi 
1i9i 


•i9a 

■49i 


87 


93 

a  085 


«T.?   ....ro  lbs.  per  yd....«105     I 
nai7,...5l!  lbs.  per  yd  ...alS7     f 


J 
.158 


HOCKING  VALLEY. 


June  30. 1901. 


10 
II 
l:i 
13 
14 


■Jil 
:!6i 

.147 


•Mi 
1N9 
5t«0 


JUME  30, 190-3. 


321 
3U] 
347 


aG 
ail 

508 


52  to  80  11)S.  ixT  yd. 


.3 


I 


J 
.3^3 


.34.53 

.isr 


41,487 

.187 


(/  Approximate. 


ANALYSIS   OF   RAII.KOAI)   REPORTS. 


«3 


Statistics  of — Assets   and    Liabilities — Income   and    Expenses. 


Xame  of  Jiallroad. 


Tfiar  emtiinff . 


ASSETS  AND  LIABILITIES. 

Stocki?  outstanding,  per  mile 

Bonds  outetandinjj,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Tceasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings, 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 


INCOME  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Peicentage  of  Ciross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile. ,  

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  i)er  mile 


ANN  ARBOR. 


June  30.  19(11. 


June  30,  1902. 


a.3,97.i 

48,80!« 

1,134 

18.0 

1,819 

11,130 

497,433 

40.5,373 

310,158 

l,06i« 


G,009 
12.3 

a  4,485 

74. G 
l,j!44 


24,8;J9 
a3,973 

48,803 

l,13'.t 

17.1 

1,834 

11,1.30 

07'.>,933 

398, .394 

498,01.-. 

1,700 


(".,480 
13.3 
a  4,703 
73..-. 
i,7S3 


1,194 

1,408 

1,044 

919 

37 

35.9 

50 

49.4 

3,065 

3,173 

181 

303 

37.4 

30.7 

390 

644 

G.5 

9.0 

HOCKING  VALLEY. 


June  30,  1901. 


June  30,  1902. 


.  11 
12 
13 

14 
l."i 
18 

i; 

IS 
19 
20 
31 


2fi 
27 


70,379 

«  50,018 

130,397 

<■  34,009 

3,^21 

a* 

4,835 

30,033 

3,589,830 

3,096,178 

1,579,647 

4,55!i 

1,190 

13,410 
11.1 
7,653 

57.07 
5,757 
1,»6G 
1,489 
-^,154 

37.8 

47.6 
3,701 
308 

39.9 
3,903 

39.9 


70,379 

b  57,835 

138,214 

(■34,173 

3,365 

31.3 

4,879 

30,033 

3,640,133 

1,711,053 

3,306,563 

6,647 

1,189 

15,331 
11.9 

8.893 
58.03 

6,439 

1,454 

1,63T 

3,479 
36.87 
46.3 

4,417 
359 
31.16 

1,618 
.30.1 


a  Includes  $nia  per  mile  for  betterments  charged  to  maintenance  expenses  in  1901,  and  S.ir.'i  per  mile  in  1903. 
b  Hocking  Valley  also,  jointly  with  Toledo  ar.d  Ohio  Central,  enarantces  principal  and  irteresi  on  S.i.MO  000  Coal  Company 
C  Report  does  not  show  clearly  whether  thesif  are  strictly  investment  holdings,  as  deHned  <ui  pages  eight  and  nine  herein, 
Valley  system. 


Bonds. 

or  are  securities  of  parts  of  the  Hocking 


04 


ANALYSIS    OF    KAll.UOAD    liK.POItTS. 


Statistics  of  Maintenance  — Passenger  Traffic. 


Xatne  of  Railroad . 


Tear  ending. 


MAINTENANCE   EXPENSES. 

1  Maintenance  of  Way  and  Stracture,  per  Ion  n>ilo cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Cars,  per  car 

-*  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

*i  Maintenance  of  Passenger  Cars,  per  car.  per  mile  rtin cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  rpn cents 

S  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run. . .  cents 

PASSENGER   TRAFFIC. 

0  Number  of  passengers  carried,  per  mile 

til  Passenger  miles,  per  mile 

1 1  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

1.1  Passenger  car  mileage,  per  car 

14  Average  number  of  ciirs,  per  passenger  train 

1 J  Average  number  of  passengers,  per  passenger  rr.Tin 

IC  Average  number  of  passengers,  per  ear 

1 7  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

1!)  Gross  earnings,  per  passenger,  per  mile  travelled . .  cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gro=8  passenger  earnings,  per  ear  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 


ANN  ARBOR. 


JVNE  3l),    1!W1. 


June  30,  1902. 


.1S3 
.169 


91  r 
.•50 


l.i'.t.-. 

.ji.oa'.i 

i,4ar. 


3*.G 

78.5 


.JO.-. 

.I.'i4 


37 
1,418 


1,44..> 


3«.0 


3C.4 
S3. 1 
•i.'ir, 
101 .0.-. 


HOCKING   VALLEY. 


June  30,  isoi. 


13 
14 
l.i 
IC. 
17 
IS 
1.1 
20 
21 
22 


.on-j 

.09 

e,-i  1 
11 

1,491 

1.47>l 

.939 

,-..443 

.-.,«91 
93,104 

■i,ooa 

7,86S 
43,003 

3.8 
4.-. 
11.9 
1.->.S 
.33.84 
3.0K 
100 
37.9 


Jl-KE  30,  1902. 


.0.-.7 
.087 
.-..54 
40 
I, -.S3 

1.410 

.93.'? 

.-..1.33 

.-..013 

93.303 

1,911 

7,328 

39,131 

3.8 
49 
13.9 
10.03 
.30.7 
3.31 
lil 
31.84 


ANALYSIS  OF  KAILHOAl)  REPORTS. 


05 


Statistics    of    Freight   Traffic. 


Name  of  Railroad.. 


Tear  ending. 


1  Niimbor  of  revenue  tons  carried,  per  mile  

a  Kcveniie  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

.")  Freight  car  mileage,  per  mile • 

G  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  namber  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tons,  per  freight  train 

13  Average  revenue  ton?,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight mil 

IG  GropF  earnings,  per  ton. cents 

ir  Gross  earnings,  per  ton,  per  mile  hauled cents 

IS  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freightearnings,  per  car  mile cents 

*.iO  Percentage  of  freight  expense^  to  earnings 


21    Principal  .irticles  of  freight  and  percentage  of  tonnage  from  eacli 


ti  Report  not  clear  on  this  pniiit. 


ANN  ARBOR. 


June  30,  1901.  Jitne  30,  1902. 


.5,871 
G54:,9<i6 


15.9 


134.3 
81.7 
.65 
190.14 


5,4r.2 

(iS6,838 

2,447 


280 
lfi.7 


125.5 
85.6 
.68 
191.16 


31.8  ..  Lumber  and  Logs.   ..30.2 

19.9  .Prod,  of  Agriculture..  13.9 

19     Manufactures 20-6 

18.6... Bituminous  Coal. ...23.8 


HOCKING  VALLEY. 


IS 
9 
10 
11 
\-i 
13 
14 
!.■) 

ii; 

\' 
IS 
19 
30 


Jl-xe  3C,  1901. 


19,473 
3.402,100 

3,723 

a  8,211 

150,820 

0  27,396 

n4,367 

«12 

41 


645 


15.73 
123.4 
54.57 
.443 
385 
6.95 


June  30,  1903. 

23,500 

2,801,563 

4.267 

a  9.376 

173, 240 

n  29,049 

u  4.376 

0  11.7 

40.0 


678 

16.7 
133.01 
52.64 
.438 
290 

7.145 


61.7  ...Bituminous  Coal  ...61       t 

8.7 Manufactures 11.3  )• 

8.2 Coke 6.9  ! 


aa 


ANAI.VtilS    OF    KAlLPtOAi)    H^:I^HiTS. 


Statistics   of    Physical    Condition. 


Xnnie  of  Rnilroad . 


Year  endiii*/ . 


1  Mileage  owned 

2  Mileage  owned,  leased  iinil  conlrolled  by  nwnor.^hip  of  Slock. . . 

3  Average  mileage  operated 

4  Mileage  ballasted 


Milea;.;*'  <»f  various  kinds  ()f  ballast., 


(i    Mileage  of  ^ceoiul  and  additi<)nM!  main  track. 

7  Mileage  of  yards  and  ei(iing« 

8  Nnmhcr  of  ties  renewed  in  track,  per  mile  ... 


9    Mileage  nf  varion*  weight  rail^ 


I 

1*1  Number  of  Locouuilivi>  owned,  per  mile 

1 1  Average  tractive  power  of  Locomotives pounds 

12  Number  of  Freigiit  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars poundi 

1 1  Number  of  Passenger  Cars  owned.  i)er  mile 

V)  Ai^i^egate  length  of  wooden  bridges feet 


WISCONSIN  CENTRAL 


Jl-NE  30.  1901. 


June  30, 1'.iOS. 


083 

1,048 

•.t.5.> 


083 

1,043 

078 


4 
;i.jl 

as? 


4 

301 
440 


.3O-i...:-6and001b.f.  peryd-.    3-i4   1 


1B3 TO  lbs.  per  yd..     ..  1.59 

150 80  lbs.  per  yd l.jl 

8.-. Wlbs.  peryd 138 

.104  I  .ii;i 


S.3.°> 


1,773 


CLEVELAND,  LORAIN  AND  WHEELING. 


.Il-NE   3C.   lOOl. 

19i 
103 
193 


JlTNE  30,  1902. 


10 
11 
1' 
1-3 
It 
1.5 


3 

ll.'> 

1,1.33 


110  to  ,«n  lbs.  pi-r  yd. 


.339 


33.88 
.177 


J 
.333 


ANAl-YSIH   OF    UAII.KO.Vl)    IJEPOKTS. 


67 


Statistics   of — Assets   and    Liabilities — Income   and    Expenses. 


yattte  of  Hailroatt . 


Tear  ending  . 


ASSETS  AND  LIABILITIES. 

Slockf^  oiilslanding,  per  mile 

Bonds  outistanding.  per  mile 

Total  Slocks  and  Bond?,  per  mile  

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

f^xed  Charges  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  .\ssets ; 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 


INCOnE  AND  EXPENSES. 

Gross  Earnings,  i)er  mile 

Percentage  of  Gross  Eaniings  lo  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  foi   Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile ." . . 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct,  Trans,  and  General  Expenses 

iinrpluo  Earnings,  per  mile 

l^ercentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds^  per  mile 

a  After  deducting  fias  per  mile  for  betterments. 

b  .\ftcr  deducting  $1,012  per  mile  for  betienuents 


WISCONSIN  CENTRAL. 


.June  30,1901. 


'.58,707 

38,937 

.57,644 

.56 

1,710 

,10. 

2,184 

16,909 

.303,713 

,177,835 

376,93.5 

390 

830 


9.7 

3,630 

65.1 

1.543 

33 

G60 

.501 

30.8 

33 

3,313 

25  7 

44.3 

258 

4.6 

June  30. 1903 


3r.,033 

37,605 

55.637 

55 

1,754 

38.4 

2,315 

16,511 

1, 919,57s 

1,157,945 

633,049 

646 

188 


6.179 

11.1 
3,973 

b4.3 
3,307 
38 
799 
634 
33 
35.8 
3,305 
344 
41.3 
.(  366 
5.9 


The  reui.iitiing  surplus  u  :is  also  reserved  for 


CLEVELAND,  LORAIN  AND  WHEELING. 

June  30,  1901. 

June  30.  1902. 

1 

<!7,70.S 

67,708 

1 

■i 

36,676 

36,383 

0 

3 

104,384 

103,990 

3 

4 

1,563 

1,563 

4 

.■> 

3,346 

■3,354 

.5 

1) 

30.9 

16.1 

1; 

7 

3,548 

3,556 

7 

S 

41.667 

41,667 

8 

:i 

678,211 

439,096 

■1 

10 

821,973 

113,130 

10 

11 

968,333 

9 158,340 

11 

13 

5,043 

5,043 

12 

13 
U 

2,371 
14,024 

13 

10,748 

14 

1.5 

10.3 

13.5 

15 

IG 

6,885 

7,858 

16 

IT 

C4.06 

56.03 

17 

!8 

3  863 

6,166 

18 

I'J 

4 

19 
30 

SO 

3,108 

1,59S 

•21 

1,363 

1.381 

21 

33 

31.36 

21.09 

22 

33 

49 

3  7.6 

ti 

34 

3,105 

4,306 

24 

2.5 

409 

505 

35 

211 

32.7 

34.94 

31! 

37 

1,617 

//  3,374 

37 

i:ft 

15 

16.3 

38 

3'» 

2!) 

r  future  I 

etti*rmi*nts. 

38 


ANALYSIS    OF    KAILKOAI)    liEI'OKTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


Ifamt  of  Railroad. 


Tear  ending. 


lAINTENANCE    EXPENSES. 

I  MamliiianCL-  of  Way  and  Structure,  jier  ton  mili'. cents 

•i  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  ef  Locomotives,  per  locomotive 

B  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car.  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run cents 

PASSENGER    TRAFFIC. 

0  Number  ot  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

Vi  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  .\verage  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

Iti  Average  number  of  passcngei-s.  per  car 

17  Averagcdistance  travelled,  per  passenger nnles 

18  Gross  earnings,  per  pas.senger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

•2(1  Gross  passenger  earnings.  i)er  train  mile cents 

•Jl  tiross  passenger  earnings;,  ])er  car  mile cents 

'i'i  Percentage  of  passenger  expenses  to  earnings 


WISCONSIN  CENTRAL. 


JtJNE  30,   19U1. 


.I-J 

.091 


.^15 

■iO 

1,G17 


l.O-iT 

.■>6,685 

1,748 


11. -> 

•^.08 
84.311 


JCNE   .'iO,    19(«. 


.123 
.096 

579 
23 

,165 


1,084 

59,343 

1,738 


.-.4.8 
114 
2.08 
88.37 


CLEVELAND,  LORAIN  AND  WHEELING. 


JlNE  80.  IBOl. 


n 

10 

11 

Vi 
i:i 
14 

1.-. 

10 
17 
18 
1!) 
•iO 


.111 

.07 


490 

S3 

1,394 


.05 


2,611 

<i8,071 

3.166 


31.4 


26.11 

43.49 

1.07 

63.306 


Jf.NE  :».  ]!>«. 


.060 
.059 


3,524 

67.343 

2,147 


36.68 

51.44 

1.93 

68.336 


AXAT.YSlS    OF    ItAILHoAD    TiKPoKTS. 


6£ 


Statistics  of  Freight  Traffic. 


Name  "/   liaitroatf . 
Tear  ending 


1  Number  of  revenue  tons  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile ♦ 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

^  9  Average  number  of  all  freight  cari^.  pi-r  f  reiiiht  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  (.ar  mileage  to  total  car  mileage 

13  Average  revenue  ton;?,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car , 

14  Average  revenue  ion.s,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  Um  of  freight miles 

36  Gross  earnings,  per  ton cents 

17  Gross  earning?,  per  ton,  per  mile  hauled cents 

18  Grogs  freight  eaminge,  per  trai  n  mile cent^ 

19  Groi^s  freight  eaniinge.  per  car  mile cents 

20  Percentage  of  frei<rht  expenses  to  eainingi^ 


21    Principal  articles  of  freight  and  pi'icentiitre  of  tonnaiie  fn»m  i-acli  \ 


WISCONSIN  CENTRAL. 


June  30, 1901.      |     June  30,  1002, 


3,590 

.'',47,506 

4^.801 
38,232 


259.98 
14.31 


4,095 

050,7  O'.t 

2,270 

5.022 

40,610 


2  HO  .6  4 
15.01 


153.3 

138.9 

I13.139 

li'i.r, 

.7*9 

.709 

191 

■io-.i 

CLEVELAND,  LORAIN  AND  WHEELING. 


June  30.  1901. 

18,9-4  5 

1,797,406 

■3,90-1 


8 
i) 
10 
11 
li 
13 
14 
l.-i 
Hi 

ir 

IK 

I'.l 

80 


,1  ^,^^6 

(I  Vi.r, 
^6.43 
7.4» 
71.89 
461 
•i3.74 
17.44 
9.). 11 
49..54 

..-.31 
340.34 
9.1)93 


June  30, 1909. 


ii4,90S 

,317,543 

4,840 

133,143 

a  3,369 
«  14.5 
33.9 

7.87 
69.61 
4S3 
34.35 
18.6 
94.71 
31.34 
.541 
3.39.43 
10.03 


..Coal  and  foko 


j   33.1 Ore,  Saml.  etc I.'i.S 

L 


a  Report  iiot  clear  on  tbis  point. 


70 


AKAJ.VSIS    (IF    KAILUoAl)    KKPOIM'S. 


Statistics   of    Physical   Condition. 


IVIINNEAPOLIS  AND  ST    LOUIS. 

IOWA  CENTRAL. 

JxrxE  30,  inoi. 

JrNE  30, 1308. 

June  30,  1901. 

JlNE  SO,  1902. 

1    Mileage  owned 

032 

032 

1 

.J  00 

490 

1 

2    Mileage  owned,  leased  and  controlled  by  ownersh 

p  of  Steele 

608 

6.W 

■2 

506 

558 

03:i 

633 

3 

506 

558 

3 

4    >Tilea;:e  ImlliSHted 1 

.380 

380 

4 

167 

isa 

4 

1 
1 

Cinders 87 

5    Mileaije  of  various  kintls  of  lialljist 

380  Gravel .38'.t 

•"'    i 

Gravel 87      r 

5 

I 

1 

J 

1 

1 

.Stone 6        1 

ti    Milt'ii^jf  of  t^uconil,  tliiid  ami  fourth  niaii^  tracks. 
7    Mileage  of  j'ard  side  tracks.. .               

20                                   20 

6 

..1                         3 

g 

140 

122 

116 

113 

R    Number  of  tioF  roncwptl  :n  track,  per  niile '. . .   . . 

r 
1 

,s 



278 (iO  lbs.  per  yd 378 

224 70  lbs.  per  yd 22*       I 

77 SOlhs.  per  yd 77 

r 

•i 

i 
I 

1 

103 .->i;  lbs.  per  yd 110 

1S2 60  lbs  per  yd 175  [■ 

205           VO  lbs.  )ier  y.l 208 

9 

1 

1 

.120                               .I2.> 

10 
11 

.13                                .136 

10 

11    Average  tractive  power  of  Locomotives 

15    Number  of  Freight  Cars  owned,  per  mile 

pounds 

18.483 

18,45  J 

4.8,5 

4..-,9 
4-i.412 

12 
13 

4.9 

4.6 

.073 
107 

12 

13    Average  capacity  of  Freight  Cars 

pounds 

13 

.101 
COO 

.107 

297 

14 

15 

.077 
130 

14 

15    Aggregate  length  of  wooden  bridges 

feel 

15 

16    Aggregate  length  of  wooden  trestles 

feel 

46,967 

46,907 

10 

44.614 

44.314 

16 

ANALYSIS    OF    HAILKOAI)    HKI'OKTS. 


n 


statistics   of — Assets   and    Liabilities — Income   and    Expenses. 


yantc  of  Raitroft't . 


Tear  ending. 


ASSETS  AND  LIABILITIES. 

Stocks  luitstanding,  per  mile 

Bonds  outstanding,  per  mile 

Tctal  Stoclis  anti  Bond^.  per  mile 

Various  Stocks  and  fJonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile  

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile. . . 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  jht  mile. . , 

Reseive  Funds,  for  Betlernients,  per  mile 


INCOHE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  nuio 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance  

Percentage  of  Exi>enscs  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expeases,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  E.xpeuses, 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


MINNEAPOLIS  AND  ST.  LOUIS. 


June  30,  1001. 


13,4(30 

37,351 

48,811 

137 

1,678 

3Si.* 

1,994 

9,3<I3 

385,116 

475,aai 

1,073,703 

1,075 

S7 

5,173 

13.1 
3,931 

56.4* 
3,354 
39S 
940 
485 
37.5 
48.8 
1,339 
107 

38.9 
875 
16.9 


June  30,  IflOJ, 


13,460 

36,916 

4a,370 

875 

1,069 

39.8 

1,985 

9,303 

060,901 

573,137 

1,369,517 

3,006 

516 

5,.>94 

13.3 
3,11G 

55.7 
3.47S 
393 
1,036 
440 
36.4 
47.3 
1,446 
193 
39.3 
1,101 
19.7 
6 


IOWA  CENTRAL. 


June  30,  1901. 

June  30,  1902. 

1 

38,033 

•i5,43? 

1 

'.; 

15,118 

17,391 

2 

3 

43.141 

43,738 

3 

4 

.(  708 

4 

J 

1,003 

1,047 

5 

B 

33.3 

33 

6 

7 

1,364 

l,.55.5 

7 

S 

16,813 

15,350 

8 

a 

319,13* 

985,530 

9 

10 

580,845 

433,153 

10 

11 

101,895 

300,433 

11 

12 

301 

549 

12 

13 

13 

11 

4,514 

4,538 

14 

1.1 

10.5 

10.7 

15 

IR 

3,598 

3,631 

IB 

IT 

79.7 

79.65 

17 

IN 

916 

937 

18 

111 

101 

134 

19 

20 

1,350 

976 

20 

31 

558 

631 

21 

o.i 

40.1 

35.03 

23 

23 

50.3 

44 

33 

24 

1,616 

1,831 

21 

2.1 

174 

303 

3.1 

20 

39.6 

44.63 

26 

27 

14 

.3 

27 

2S 

.3 

.1 

38 

20 

29 

m  Book  value. 


73 


ANAI.YSIS   OF  K.ULROAl)   KKTORTS. 


Statistics  of  Maintenance — Passenger  Traffic. 


Natnti  of  Jtailroatf.. 


Tear  ending. 


HAINTENANCE  EXPENSES. 

1  Maiutenaiice  of  Way  and  Structure,  per  ton  mile ceuts 

2  Maintenance  of  Kquipmont,  per  ton  mile cents 

3  Maintenance  of  Past^enger  Cars,  per  car 

4  Maintenance  of  Freiglit  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

ti  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintennnce  of  Locomotives,  per  locomotive,  per  niUe  run cents 

PASSENGER   TRAFFIC. 

9  Number  of  pass-engcrs  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passengrr  train . . 

1«  Average  number  of  passengers,  per  car 

17  Average  distance  traveled ,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  traveleil cents 

!>0  Gross  passenger  earnings,  per  train  mill' cents 

21  Gross  passenger  earnings,  per  car  mile cents 

ii  Percentage  of  passenger  expenses  to  earnings 

a  Not  including  the  cost  of  four  new  loci. motives,  $.")! 
loroinolive  "ould  be  $1,807. 


MINNEAPOLIS  AND  ST.  LOUIS. 


June  30,  1901.  June  30,  1902. 


.146 

4H4 

34 

a  1,370 

.rsa 

.53 
4.73 

1,35.-. 

55,054 

1,39» 

<i,G88 

RC,149 

4.81 
3«.58 
8.33 
40.63 
83.03SJ 
3.019 
05.63 
10.88 


.335 
.138 


496 

33 

1,410 


.763 
■535 

l:.77 


1,483 

04,3.50 

1.413 

0,890 

4. 

40. 

9, 

44. 

01, 

■i:t.i 


IOWA  CENTRAL. 


June  SO.  1901. 


!4 
10 
11 
U 
13 
14 
l.^ 
16 
17 
18 
19 
^'0 
■Jl 


.35 
.113 


807 

16 

1,619 

I. 


.303 

.57 

.74 


1,313 

33,953 

1,384 

4,943 

61,986 

3, 

Hit. 

6. 

33, 

61. 

3, 

70. 

19, 


6 

,01 

1 

87 
,18 
,365 

,23 


.June  30, 1902. 


.184 
.117 
045 
40 
3,071 

1.034 
.463 
5.14 

1,300 

37,175 

1,388 

4,639 

03,003 

3.0 

35.33 

7 
39.39 
05.75 
3.337 
77.1 
31.43 


,7tiH,  a   SUHL  wliicU  \vii8  cbargc'd   to  mnintenanie  of  eijuipiMeiit.     Were  Ibis  sum  included  here  llu>  a^nount  per 


ANALYSIS   OF   RAILROAD   REPORTS. 


73 


Statistics    of    Freight   Traffic. 


Jfame  of  Railroad . 


Tear  ending. 


1  Number  of  revenue  tons  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  care,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

21  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tons,  per  freight  train , 

13  Average  revenue  tons,  per  loaded  car. 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight mile^ 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  earnings 


21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


MINNEAPOLIS  AND  SL  LOUIS. 


June  30, 1901. 


3,790 

333,917 

1,153 

3,033 

38,363 

39,159 

5,81!J 

16 

33.59 

3.87 

8*. 37 

388.74 

11.64 

13.34 

119.33 

136.656 

1.145 

330.54 

14.01 


JtmE  30,  iri02. 


3,063 
318,639 
1,303 
3,349 
38,307 
39,560 
6,837 
18.7 
31.37 
3.77 
83.3 
353.77 
14.37 
11.86 
103.41 
130.181 
1.335 
316 
13.37 


43.1 Grain  and  Flour 36.8 

31.4 Lumber 31.5 

13.3 Manufactures 18.9 


IOWA  CENTRAL. 


June  30, 1901. 


10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 


21 


3,393 
498,879 
3,308 
4,930 
40,711 
34,105 
7,985 
31.9 
17.43 
4.71 
74.46 
336.03 
17.77 
13 
151.43 
107.378 
.709 
160.335 
9.193 


June  30, 1902. 


3,364 
530,388 
3,434 
5,154 
43,331 
40,393 
3,697 
13.6 
16.43 
4.03 
76.9 
318.07 
17.55 
13.3 
158.64 
105.97 

.668 
146 
8.873 


40  Bituminous  Coal 43.3 

33.7...  Grain  and  Flour 19.3 

9.6 Manufactures 9       1 


21 


ANALYSIS    OF   RAILROAD    REPORTS. 


Statistics  of  Physical  Condition. 


yame  of  Railroad . 


Tear  ending. 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. 

8    Average  mileage  operated 

4    Mileage  ballasted 


S    Mileage  of  varione  kinds  of  ballast. 


6  Mileage  of  second,  thirl  and  fourth  main  tracks  , 

7  Mileage  of  yard  and  eide  tracks 

8  Number  of  ties  renewed  in  track,  per  mile 


t   Mileage  of  various  weight  rails 


10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives potmds 

12  Number  of  Freight  Cars  owned,  per  mile 

IS  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 

15  Aggregate  mileage  of  curved  track 

16  Number  of  curves  in  track  

17  Mile-Qge  of  ascending  track  

18  Average  ascent  per  mile  of  ascending  track feet 

11  Aggregate  length  of  wooden  bridges feet 


CHICAGO  GREAT  WESTERN. 


Jc.VE  30,  K'Ol. 


Jl->-E  30.  liKie, 


845 
930 
930 


4 

■i-il 
S14 


§46 
930 
930 


4 
344 


56,  60  and  7.t  Ibe.  per  yd. 


.209 


.109 


.'434 


.11* 


CHICAGO  AND  ALTON. 


JUN-E  30,  1901. 


Jl-NE  30.  I903. 


5  ^ 


90^ 
930 

9ao 

9!39 


90 '« 
9«0 
9-iO 
961 


450 Stone 34  3  1 


263 Gravel 183 

135 Cinders 79 

61 Slag 154 


136 
242 
663 


213 

286 
516 


77 eolbs.peryd 30 

3S0 VOIbs  peryd 313 

59 75  lbs.  per  yd 59 

491 SOlbs.peryd 586 


10 

.218 

.22 

11 

12 

11.07 

11.07 

13 

60.600 

60.600 

11 

.208 

.31 

15 

128 

128 

16 

612 

612 

17 

607 

607 

18 

4.2 

4.2 

19 

154 

796 

ANALYSIS  OP  RAILROAD  REPORTS. 


76 


Statistics  of — Assets  and    Liabilities — Income  and    Expenses. 


Xante  of  Railroad. 


Tear  ending  . 


ASSETS  AND  LIABILITIES. 

Slocke  outstanding,  per  mile 

Bonds  outstanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile  .  — 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 


INCOME  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile , 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnines  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses 

Surplus  Earnings,  i)er  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


CHICAGO  GREAT  WESTERN. 


June  30,  1901. 


43,106 

a  33,463 

69,569 

a76 

a  1,745 

33 

3,679 

33,930 

1,478,414 

3.111,857 

746,939 

803 


r,546 
10.8 

5,198 
68.9 

3,348 

999 

704 

33.6 

33.8 

3,053 

438 

46.3 
601 
8 


JUOT!  30,  1902. 


47,507 

a  38,999 

76,506 

356 

a  1,801 

33,! 

3,830 

35,140 

1,841,099 

3.837,645 

837,336 

900 


8,133 

lO.G 
5,685 

69.99 
3,437 

1,031 

813 

33.7 

33.4 

3,387 

4S3 

47.3 
634 
7.8 


CHICAGO  AND  ALTON. 


June  30, 1901. 


June  30,  1903. 


10 
11 
13 
13 


14 
1,5 
16 
17 
18 
19 
80 
21 
22 
23 
24 
25 
20 
27 
28 
29 


43,486 

b  58,679 
101,165 

c 

4,483 

45.6 

5,333 

31,343 

1,864,458 

3,866,133 

463,071 

503 


9,836 

9.4 
6,085 

61.9 

3,741 

1,665 

1,306 

953 

33 

35.5 

3,680 

341 

39.9 
933 
9.4 


43,486 

A  58,695 

101,181 

4,344 
4  3.3 

5,094 

31,343 

896,801 

3,337,905 

500,157 

544 


10,038 

9.9 
6,548 

65.3 
3,480 
1,661 
1,043 
1,133 
31.7 
33.3 
4,139 
345 
43.6 
897 
8.9 


a  Great  Western  has  no  bonded  debt.    A  few  outstanding  loans  and  the  4%  Debenture  Stock  are  here  treated  as  bonds.    Interest  on  the  Debenture  Stock  is  here 

treated  as  a  fixed  charge, 
i  Including  bonds  of  the  Chicago  and  Alton  Railroad  guaranteed  by  the  Chicago  and  Alton  Railway,  amounting  to  $31,683  per  mile. 
c  Report  not  clear  on  this  point. 


16 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of  Maintenance— Passenger  Traffic. 


yame  of  Jtailroad . 


Tear  ending. 


MAINTENANCE  EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  ton  mile cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

6  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run  —  cents 

PASSENGER   TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

18  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

IC  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger . .  cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 


CHICAGO  GREAT  WESTERN. 


Jtont  30,  1901. 


•Ill 

.078 
696 
33 
l,6a5 

.73 
.31 
4.9 

1,609 

71,061 

3,357 

10,355 

95,349 

4.4 
30.13 

6.9 
44.32 
89.35 
3.01 
75.4 
17.3 


JtTNB  30,   1902. 


.119 
.094 
731 
36 
1,753 

.733 
.303 
5.61 

1,845 

81,514 

3,546 

11,343 

98,306 

4.4 
33. 

7.36 
44.15 
90.43 
3.05 
79.5 
18.1 


CHICAGO  AND  ALTON. 


June  30,  1901. 


9 
10 
11 
IS 
13 
14 
15 
16 
17 
18 
19 
20 
21 
22 


.134 
.107 
1,316 

35 
3,073 

1.791 

.35 
4.56 

3,558 

144,500 

3,979 

14,095 

67,894 

4.73 
48.48 
10.3 
56.47 
109 

J. 94 
111 
33.17 


June  30,  1902. 


.106 
.115 

881 

38 

3,933 

1.383 

.38 
6.31 

3,713 

150,703 

3,030 

14,415 

68,706 

4.76 

49.73 

10.45 

55.53 

103 

1.86 
)10 
33.11 


ANALYSIS  OF  KAILROAD  REPORTS. 


77 


Statistics   of    Freight   Traffic. 


Kaine-of  Railroatl, 


Year  ending. 


1  Number  of  revenue  tons  carried,  per  mile  

2  Revenue  ton  mileSf  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

It  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tous,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tone,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

80  Percentage  of  freight  expenses  to  earnings 


21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


CHICAGO  GREAT  WESTERN. 


June  30,  1901. 


June  30,  1902. 


3,851 

897,031 

2,864 

6,989 

76,377 

33,317 

a  10,650 

a  39.3 

36.6 


313 


3,961 

865,633 

3,974 

7,331 

83,344 

31,333 

(7  11,608 

031.8 

38 


391.1 


11.8 

10.4 

314.53 

393.19 

303 

301 

.64 

.69 

199 

300 

7.33 

7.14 

CHICAGO  AND  ALTON. 


June  30, 1901. 


1 

2 
3 

4 
S 
6 
7 
8 
9 
10 
11 
12 
13 
U 
IS 
l(i 

ir 

IK 
l!l 
20 


21 


5,038 

894,641 

3,109 

7,781 

78,353 

45,439 

a  7,081 

a  19.4 

35.3 

8.19 
67.47 
387.8 
16.93 
11.4 
178 
138 

.733 
308 
8.3 


June  30,  1902. 


6,350 

981,639 

3,106 

7,783 

81,367 

47,536 

«  7,353 

rt  20, 

36, 

8. 

68. 

316. 

17 

13. 

183 

134 

214 
8. 


38 
33 

98 
,65 

1 


.679 


1 
2 
3 
4 
6 

e 

7 
8 
9 
10 

u 

12 
13 

14 
15 
16 
17 
18 
19 
20 


*v 


a  Report  not  clear  on  this  point. 


78 


ANALYSIS    OF   RAILROAD    REPORTS. 


Statistics  of    Pliysical  Condition. 


Kame  of  Railroad.. 


Year  ending . 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock, 

3  Average  mileage  operated 

4  Mileage  ballasted 


6   Mileage  of  various  kinds  of  ballast . 


6  Mileage  of  eecond,  third  and  fourth  main  tracks. 

7  Mileage  of  yard  and  side  tracks 

8  Num  ber  of  tics  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails.. 


I 

10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

13    Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 


TOLEDO,  ST.  LOUIS  AND  WESTERN 


June  30, 1901. 


451 
451 
491 


June  30, 1902. 


451 
451 
451 


lor  lor 

739  534 


61^  and  70  lbs.  per  yd. 

.18 

7.03 
.08 


7.04 

.078 


ST.  JOSEPH  AND  GRAND  ISLAND. 


June  30,  1901. 


June  30, 1902. 


9  ■! 

10 
11 
12 

13 
U 


asi 

313 
313 


351 
313 
313 


46 


52  and  60  lbs.  per  yd, 

.0<.I6 
3.71 


.064 


.064 


ANALYSIS   OF   RAILROAD  REPORTS. 


79 


Statistics   of — Assets    and    Liabilities — Income  and    Expenses. 


Name  of  Hailroad 

Year  endinff 

ASSETS  AND  LIABILITIES. 

1    Stocks  outstanding,  per  mile 

3    Bonds  outstanding,  per  mile 

3  Total  Stocks  and  Bonds,  per  mile 

4  Various  Stocks  and  Bonds  in  Treasury,  per  mile 

5  Fixed  Charges,  including  Taxes,  per  mile 

6  Percentage  of  Fixed  Cliarges  and  Taxes  to  Earnings 

7  Charges  ahead  of  Common  Stock,  per  mile 

8  Amount  of  Common  Stock  outstanding,  per  mile 

9  Total  Current  Assets 

10  Total  Current  Liabilities 

11  Total  Surplus 

12  Total  Surplus,  per  mile 

13  Reserve  Funds,  for  Betterments,  per  mile 

INCOHE  AND  EXPENSES. 

14  Gross  Earnings,  per  mile 

15  Percentage  of  Gross  Earnings  to  Capital 

16  Expenses,  per  mile 

IT    Percentage  of  Expenses  to  Gross  Earnings 

18  Net  Earnings,  per  mile 

19  Additional  Miscellaneous  Income,  per  mile 

SO    Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

21  Expenses  for  Maintenance  of  Equipment,  per  mile 

22  Percentage  of  Gross  Earuings  for  Maintenance 

23  Percentage  of  Expenses  for  Maintenance 

24  Expenses  for  Conducting  Transportation,  per  mile 

25  General  Expenses,  per  mile 

26  Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses, 

27  Surplus  Earnings,  per  mile 

28  Percentage  of  Gross  Earnings  for  Surplus 

29  Betterments  charged  to  Reserve  Funds,  per  mile 


TOLEDO,  ST.  LOUIS  AND  WESTERN, 


June  30,  1901. 


June  30,  1902. 


44,346 
34,368 
78,714 

1,363 

ii4.6 

2,349 

33.173 

690,855 

723,740 

83,550 

183 

183 

5,526 

7.3 
3,994 

73.37 
1,533 
14 
803 
711 
37.4 
37.9 
3,307 
173 

44.9 
183 
3.3 


44,346 
34,368 
78,714 

1,506 

35.7 

3,393 

33,173 

503,360 

554,106 

138,347 

307 

15 

6,859 

7.4 
4,349 

73.53 
1,610 
21 
807 
758 
36.7 
36.8 
3,463 
331 

45.8 
133 

3.1 
373 


ST.  JOSEPH  AND  GRAND  ISLAND. 


June  .30,  1901. 


3 
4 

5 
6 

7 
8 
9 
10 
11 
12 
13 

14 
15 
16 
17 
18 
19 
20 
81 
29 
23 
24 
25 


43,358 
11,318 
54,676 

603 

13.4 

1,933 

14,743 

433,449 

443,000 

336,647 

73S 

119 

4,484 

8.3 
3,600 

57.98 
1,884 

473 
366 
16.6 
38  4 
1,661 
303 
41.5 
1,383 
38.6 


June  30,  1902. 


43.585 
11,318 
54,803 

657 

15.3 

1,987 

14,743 

403,720 

397,091 

234.558 

752 

143 

4,333 

7.9 
3,730 

63.15 
1,693 

499 
357 

19.8 

31.4 
1,678 
199 

43.4 
940 

31.7 


9 
10 
11 

12 
13 

14 
15 
16 
17 
18 
19 
23 
21 
22 
23 
84 
23 
26 
27 
38 
29 


80 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics   of   Maintenance— Passenger   Traffic. 


Name  of  Kailroad. 


Tear  ending. 


MAINTENANCE  EXPENSES. 

Maintenance  of  Way  and  Structure,  per  ton  mile ceutB 

Maintenance  of  Equipment,  per  ton  mile cents 

Maintenance  of  Passenger  Cars,  per  car 

Maintenance  of  Freight  Cars,  per  car 

Maintenance  of  Locomotives,  per  locomotive 

Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

Maintenance  of  Locomotives,  per  locomotive,  per  mile  run  —  cents 
PASSENGER  TRAFFIC. 

Number  of  paeeengers  carried,  per  mile 

Passenger  miles,  per  mile 

Passenger  train  mileage,  per  mile 

Passenger  car  mileage,  per  mile 

Passenger  car  mileage,  per  car  

Average  number  of  cars,  per  passenger  train 

Average  number  of  passengers,  per  passenger  train 

Average  number  of  passengers,  per  car 

Average  distance  travelled,  per  passenger miles 

Gross  earnings,  per  passenger cents 

Gross  earnings,  per  passenger,  per  mile  travelled cents 

Gross  passenger  earnings,  per  train  mile cents 

Gross  passenger  earnings,  per  car  mile cents 

Percentage  of  passenger  expenses  to  earnings 


TOLEDO.  ST.  LOUIS  AND  WESTERN-!        ST.  JOSEPH  AND  GRAND  ISLAND. 


Jura;  30, 1901. 


.104 
.09% 


586 

39 

1,859 


.633 
.358 


1,386 

51,835 

1,881 

7,449 

92,673 

3.98 
87.55 
7.03 
37.4 
68.29 
1.83 
66.81 
16.89 


jOTfE  30, 1902. 


.109 
.096 
937 
39 
1,848 

1.506 
.389 


1,453 

55,132 

1,892 

6,922 

89,189 

3.66 
29.14 
7.96 
37.95 
72.83 
1.92 
71.84 
19.63 


Jttne  30,  1901. 


9 

10 

11 

12 
13 
14 
15 
16 
17 
18 
19 
20 
21 
23 


.186 
.105 


3.05 

941 

28,759 

1,191 

4,478 

69,862 

3.76 

84.17 

6.43 

30.57 

7* 

2.41 
74 
19.68 


June  30, 1902. 


.103 


1,387 


4.73 

882 

37,264 

1,192 

4,457 

69,526 

3.74 
22.88 
6.12 
30.93 
73 
2.33 
70 
18.73 


7 

8 

9 
10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 
21 
22 


ANALYSIS  OF  RAILROAD  REPORTS. 


81 


Statistics  of   Freight   Traffic. 


Same  of  Bailroad 

Tear  ending 

1  Number  of  revenue  tons  carried,  per  mile 

3  Revenue  ton  mllee,  per  mile 

8  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

T  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  care,  per  freight  train 

10  Average  number  of  empty  freight  care,  per  freight  train 

1 1  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tone,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

80  Percentage  of  freight  expenses  to  earnings 

f 

81  Principal  articles  of  freight  and  percentage  of  tonnage  from  each 

I 
a  Report  not  clear  on  this  point. 


TOLEDO,  ST.  LOUIS  AND  WESTERN. 


June  30,  1901. 


3,549 

773,934 

3,085 

77,899 

a  11,079 
a  30.4 

a4.aa 

7.13 

70.6 

350.87 

14.68 

10.4 

tilS.l 

118.38 

.543 
136.07 
5.63 


June  30,  1902. 


3,693 

793,536 

3,779 

70,667 

a  10,038 
a  37.5 
35.43 
6.19 
75.7 
385.57 
14.84 
11.3 
314.9 
118.78 

.553 
157.85 
6.31 


33.3.Product8  Of  Agriculture. 33. 7  ' 

31.4 Manufactures 31 

18.1...  Products  of  Mines ....  19.3 
13     ...Products  of  Forests. ..13 


ST.  JOSEPH  AND  GRAND  ISLAND. 


June  30,  1901. 


9 
10 
II 
12 
13 
14 
15 
16 
IT 
18 
19 
20 


3,171 
354,336 
1,377 
3,795 
37,339 
39,067 
a  10,066 
0  37.6 
31.33 
6.43 
69.9 
199.15 
13.37 
9 
117.3 
159 

1.36 
370 
13.7 


June  30,  1902. 


3,013 
349,136 
1,344 
3,698 
36,441 
38,903 
n  10,031 
a  37.4 
81.85 
6.31 
70.3 
300.39 
13.41 
9.4 
133.93 
163 

1.33 
364 
12.4 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of  Physical  Condition. 


Name  of  Railroad. 


CHICAGO  AND  EASTERN  ILLINOIS 


EVANSVILLE  AND  TERRA  HAUTE. 


Tear  ending . 


JtJNB  80,  1901. 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. . 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  varions  kinds  of  ballast . 


6  Mileage  of  second,  tlurd  and  fonrtli  main  tracks  . 

7  Mileage  of  yard  and  side  tracks 

8  Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails. 


10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 


a  Approximate. 

J  Including  the  Evansville  and  Indianapolis  R.  R 


704 

ff  7ao 


106 
ii91 


June  30, 1908. 


7X5 
738 

a  730 


106 
319 


fiO,  65  and  80  lbs.  per  yd. 


.19)J 


.169 


.19 


14.37 
.16S 


June  31),  1901. 


10 
11 
12 
13 
14 


180 

6  331 

163 


June  30,  lii02. 


180 

6  331 

163 


63  63 

334  569 

60,  70  and  80  lbs.  per  yd. 


33.86 


.247 


30.304 


ANALYSIS    OP   RAILROAD    REPORTS. 
Statistics  of — Assets  and   Liabilities — Income  and  Expenses. 


yame  of  Railroad. . 


Tear  ending . 


ASSETS  AND  LIABILITIES. 

Stocks  outstanding,  per  mile 

Bonds  outBtanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Vitrioiis  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings.. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile  


CHICAGO  AND  EASTERN  ILLINOIS 


JtrtTE  30,  1301. 


19,4S4: 
33,437 
63,9ai 

3,173 

9,997 
1,948,931 
1,164,909 
1,701,073 

3,363 


June  30,  1902. 


19,317 

33,76§ 
53,9H5 

3,308 
3.5.' 

3,569 

9,860 
3,133,643 
1,339,419 
1,701,073 

3,330 


INCOME  AND  EXPENSES. 

Gross  Earnings,  per  mile 7,860  8,599  14  8,605  8,973 

Percentage  of  Gross  Earnings  to  Capital 14.9  16.3  15  10.1  10.5 

Expenses,  per  mile 4,508  4,748  16  4,891  4,635 

Percentage  of  Expenses  to  Gross  Earnings 57.35  55.33  17  56.84  51.54 

Net  Earnings,  per  mile 3,353  3,851  18  3,714  4,348 

Additional  Miscellaneous  Income,  per  mile 304  341  19  383  343 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 869  838  20  1,014  856 

Expensesfor  Maintenance  of  Equipment,  per  mile. 841  1,011  21  1,300  1,173 

Percentage  of  Gross  Earnings  for  Maintenance 31.8  31.5  23  36.9  33.6 

Percentage  of  Expenses  for  Maintenance 37.9  38,9  23  49.7  43.9 

Expenses  for  Conducting  Transportation,  per  mile 3,576  3,668  34  3,366  3,313 

General  Expenses,  per  mile 333  333  35  311  383 

Percentage  of  6ro6s  for  Conduct.  Trans,  and  General  Expenses 35.6  33.7  26  39.9  38.93 

Surplus  Earnings,  per  mile ft  1,043  41,153  87  900  /;  461 

Percentage  of  Gross  Earnings  for  Surplus '. ..  13.3  13.4  88  10.4  5.1 

Betterments  charged  to  Resen-e  Funds,  per  mile 3!) 

(I  No  investments  reported  excepting  in  stocks  lepresentin^  terminals. 

b  After  deducting  $4*1  per  mile  for  betterments  and  depreciation  in  1901  and  $8.32  per  mile  in  1003. 

c  Including  guaranteed  bonds  amounting  to  $1.5,433  per  mile. 

rfPar  value. 

e  Par  value,  excluding  the  stork  of  the  Evansville  and  Indianapolis  R.  R.,  amounting  to  $13,346  per  mile. 

/  Including  deficit  of  Evansville  and  Indianapolis  on  bonds  guaranteed  by  Evansville  and  Terra  Haute  (see  note  (■) ;  deficit  equaled  $535  ni-r  mile  in  1901    and  $395 
per  mile  in  1903.  m  ^^       ■  «- 

g  After  readjustment  of  income  account  when  stocks  of  the  Evansville  and  Indianapolis  were  charged  off  (see  note  e). 

).  A  f,„.  ,i„,i..„.: —  ji^i(j9  per  mile  for  depreciation. 


EVANSVILLE  AND  TERRE  HAUTE. 


June  30, 1901. 


9 

10 
U 
12 
13 


33,690 

c  53,951 

85,647 

(i  14,490 

/3,098 

36 

3,494 

34,613 

493,896 

333,307 

1,475,393 

9,107 


JuMK  30, 1902. 


33,696 

c  53,951 

85,647 

f  1,953 

/  3,961 

33 

3,  .35  7 

34,613 

679,533 

335,130 

(7  74,653 

461 


fl  After  deducting 


84 


ANALYSIS   OF  RAILROAD   REPORTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


Name  of  Sailroad. . 


Tear  ending. 


HAINTENANCE  EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  ton  mile cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

6  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run. . .  .cents 

PASSENGER   TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

16  Average  number  of  passengers,  per  car , 

17  Average  distance  traveled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  traveled cents 

yO  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 


CHICAGO  AND  EASTERN  ILLINOIS 


Jxrss  30,  1901. 


.068 
.066 


481 
1,406 


.438 
U.Ol 


4,85r 

8a,633 

1,871 


44.^ 


17 
a7.7 
1.63 

83 


JUNB  80,  1903. 


.056 
.067 


383 

36 

1,639 


..507 
7.173 


5,303 
83,373 

1,868 


16 

37.5 
1.73 

88 


EVANSVILLE  AND  TERRE  HAUTE. 


Junk  30,  1901. 


10 
11 
12 
13 
14 
l.'i 
16 
17 
18 
19 
20 
21 
23 


.163 

.308 


116 

39 

731 


1.694 
3.56 


3,145 
81,380 
3,345 


37.9 
9«,049 
3.449 
110.511 


Junk  30, 1902. 


.136 
.173 


354 

37 

938 


1.435 

3.596 


3,334 

88,540 
3,356 


39.53 
94.379 
3.385 
111.681 


ANALYSIS   OF   RAILROAD   REPORTS. 


85 


Statistics    of    Freight   Traffic. 


Name  of  Railroad . 


Year  ending. 


1  Kumber  of  revenue  tons  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

0  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

1 1  Percentage  of  loaded  car  mileage  to  total  car  mileage 

la  Average  revenne  tons,  per  freight  train 

13  Average  revenne  tons,  per  loaded  car. 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton ceats 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  eipensee  to  earnings 


21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


CHICAGO  AND  EASTERN  ILLINOIS. 


JnNE  30, 1901. 


JtjiTB  30, 190S. 


8,314 
1,373,170 

a  3,6X3 
4,481 
90,364 
33,395 
b  6,39S 
617.5 
34.6 
13.8 
63 
a  487.4 
33.4 
14 
155 
76.4 
.493 
a  340 

6.94 


9,605 
1,503,353 
a  3,483 
4,351 
101,886 
33,848 
67,103 
619.5 
41.05 
15.6 
63.1 
a  605.3 
33.8 
14.7 
156.4 
71.9 
.459 
((378 

6.77 


EVANSVILLE  AND  TERRE  HAUTE. 


JtTNE  30,  1901. 


10 

II 

13 
13 
14 
15 
16 
17 
18 
19 
20 


10,S47 

636,413 

3,447 

66,350 

53,391 

6  30,351 

6  3,331 

66.39 
31.78 
6.48 
70 
396 
16.7 
11.8 
59.33 
51.543 
.87 
333.131 
10.199 


Juke  30, 1902. 


11,175 

670,844 
3,461 
6  0,373 
54,663 
6  35,811 
b  3,578 
67.1 
33.31 
6.54 
70.6 
375 
17.6 
13.4 
60.4 
51.345 
.848 
333.733 
10.48 


a  Switching  and  helping  engine  mileage  ie  included  in  freight  train  milel^e. 
b  Report  not  clear  on  this  point. 


86 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of    Physical  Condition. 


Nattte  of  liailrottd. 


Year  ending . 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  various  kinds  of  ballast. 


6  Mileage  of  second,  third  and  fourth  main  tracks. 

7  Mileage  of  yard  and  side  tracks, 

8  Number  of  ties  renewed  in  track,  per  mile .. 


9    Mileage  of  various  weight  rails. 


10  Number  of  Locomotives  owned,  per  mile. . , 

11  Avernge  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 


ILLINOIS  CENTRAL. 


June  .30,  1901. 


J0NE  30, 1902. 


4,366 
4,366 
4,313 


4,384 
4,3S4 
4,376 


338 

1,333 

471 


535 

1,370 

439 


1,314....  60  lbs.  per  yd  ....1,165 

1,535...    rs  Iba.  per  yd  ...  1,570 

794....  85  lbs.  per  yd  ....1,084 

Balance  50-100  lbs.  per  yd. 


.311  , 
34,705 

9.13 

58,860 

.173  I 


.331 
35,860 

10.15 
01,730 

.17 


CHICAGO,  INDIANAPOLIS  AND  LOUISVILLE, 


June  30,  1901. 


June  30,  lOOa. 


10 
11 
13 
13 
14 


S09 
.'>46 
535 
433 

334 Gravel. 

77 Stone.. 

31 Cinders 


509 
546 
535 
478 


.364 
.  83 
. .   31 


103 
393 


170 
373 


143 56-60  lbs.  per  yd 40 

153 67  lbs.  per  yd 150 

313 To  lbs.  per  yd 339 


.161 


.151 


.174 
10.93 


.133 


ANALYSIS  OF   RAILROAD   REPORTS. 


87 


Statistics   of — Assets   and    Liabilities— Income   and    Expenses. 


Name  of  Jiailroad. 


Tear  endinr/. 


ASSETS  AND  LIABILITIES. 

1  Stocks  outfctanding,  per  mile 

2  BondB  outstanding,  per  mile 

3  Total  Stocks  and  Bonds,  per  mile 

4  Various  Stocks  and  Bonds  in  Treasury,  per  mile 

5  Fixed  Cliurgee,  including  Taxes,  per  mile 

6  Percentage  of  Fixed  Charges  and  Taxes  to  Earnings 

7  Charges  ahead  of  Common  Stock,  per  mile 

8  Amount  of  Common  Stock  outstanding,  per  mile 

9  Total  Current  Assets 

10  Total  Current  Liabilities 

11  Total  Surplus 

12  Total  Surplus,  per  mile 

13  Reserve  Funds,  for  Betterments,  per  mile 

INCOnE  AND  EXPENSES. 

14  Gross  Earnings,  per  mile 

15  Percentage  of  Gross  Earnings  to  Capital 

16  Expenses,  per  mile 

n  Percentage  of  Expenses  to  Gross  Earnings 

13  Net  Earnings,  per  mile 

19  Additional  Miscellaneous  Income,  per  mile 

20  Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

21  Expenses  for  Maintenance  of  Equipment,  per  mile 

22  Percentage  of  Gross  Earnings  for  Maintenance 

23  Percentage  of  Expenses  for  Maintenance 

24  Expenses  for  Conducting  Transportation,  per  mile 

26  General  Expenses,  per  mile 

26  Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

27  Surplus  Earnings,  per  mile 

28  Percentage  of  Gross  Earnings  for  Surplus 

29  Betterments  charged  to  Eeserve  Funds,  per  mile 


ILLINOIS  CENTRAL. 


June  30, 1901. 


18,042 

39,879 

47,981 

«  9,915 

1,94% 

23.2 

•   1,943 

15,659 

,130,362 

950,835 

,980,960 

702 

155 

8^765 
18.3 

6,754 
65.7 

3,001 
594 

1,390 

1,037 
aT.7 
42.2 

3,137 

189 

38 

c966 

11 

93 


Junk  30, 1902. 


,/ 20,861 

30,314 

51,075 

a  10,071 

1,940 

20.4 

1,949 

18,532 

10,730,880 

9,199,811 

«  3,010,960 

704 

85 

9,546 
18.7 

6,138 
64.3 

3,408 
831 

1,331 

1,342 
26.8 
41.8 

3,377 

198 

37.5 

c  1,275 

13.4 

63 


CHICAGO,  INDIANAPOLIS  AND  LOUISVILLE 


June  30,  1901. 


1 
2 

3 
4 

5 
6 

S 
9 
10 
11 
12 

la 
II 

15 
16 

ir 

18 

la 

20 
21 
22 
23 
24 
2.5 
2(i 
2V 
28 
29 


28,973 

25,435 

54,397 

3,455 

2,188 

28.2 

8,563 

19,636 

1.110,143 

1,193,328 

1.397,583 

2,612 

898 

7,751 

14.2 
4,599 

59.34 
3,153 
254 
979 
964 
85.1 
43.8 
2,136 
534 
34.5 
1,320 
15.7 
668 


June  30,  1902. 


28,972 

25,878 

54,844 

3,606 

3,177 

25.4 

2,551 

19,626 

1,118,623 

1,206,343 

1,978,758 

3,699 

144 

8,566 
16.6 

4,971 
58.1 

3,585 
348 

1,016 

1,063 
84.3 
41.8 

2,355 
537 
33.8 

1,656 
19.4 
700 


a  Book  value. 

b  Does  not  include  Insurance  Fund,  Surplus  Dividend  Fund,  nor  Pension  Fund,  all  three  amounting  to  $632  per  mile  in  1901  and  $636  per  mile  in  lti02. 

cFrom  this,  there  were  set  apart  for  betterments  $687  per  mile  in  1901  and  $1,015  per  mile  in  1902. 

U  There  has  since  the  fiscal  year  closed  been  an  issue  of  additional  stock  amounting  to  $3,407  per  mile. 


88 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics   of — Maintenance — Passenger  Traffic. 


Name  of  Railroad, 


Tear  ending. 


MAINTENANCE  EXPENSES. 

1    Maintenaiice  of  Way  and  Structure,  per  Inn  mile cents 

8    Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Cars,  per  car — '. 

4  Maintenance  of  Freight  Cars,  per  car 

B    Maintenance  of  Locomotiyes,  per  locomotive 

6  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run  —  cents 

PASSENGER  TRAFFIC. 
B    Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car  

14  Average  number  of  cars,  per  passenger  train 

1.T    Average  number  of  passengers,  per  passenger  train 

10    Average  number  of  passengers,  per  car 

17    Average  distance  travelled,  per  passenger miles 

16    Gross  earnings,  per  passenger cents 

19    Gross  earnings,  per  passenger,  per  mile  travelled cents 

30    Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 


ILLINOIS  CENTRAL. 


June  30, 1901. 


.146 
.109 
493 
53 
1,759 

.69 

.5 

3.93 

4,339 

88,713 

3,568 

13,041 

70,0O3 

4.7 
34.54 
7.35 
30.93 
41.03 
1.96 
84.66 
18.06 


June  30,  1903. 


.127 

1 

.119 

2 

737 

3 

58 

4 

1,971 

5 

1.03 

6 

.61 

7 

5.39 

8 

4.445 

9 

93,847 

10 

3,564 

11 

13,195 

1-3 

71,837 

13 

4.8 

14 

36.6 

15 

T.63 

16 

31.11 

17 

43.3 

18 

1.999 

19 

91.34 

20 

18.03 

21 

9 

22 

CHICAGO,  INDIANAPOLIS  AND  LOUISVILLE. 


June  30,  1901. 


June  30,  1903. 


.146 
.144 
790 
38 
3,364 

1.100 

.668 

6.413 

3,18<S 
98,681 
3,160 
10,784 
71,334 
5 
45.69 
9.14 
4:5.33 
87.39 
1.933 
111 
33.3 


.139 
.135 
840 
38 
3,655 

1.156 

.616 

7.348 

3,411 
106,030 
3,354 
11,186 
73,659 
4.9 
46.6 
U.5 
43.56 
86.09 

1.976 
114 
23.37 


ANALYSIS  OF  RAILROAD  REPORTS. 


Statistics  of   Freight   Traffic. 


Xante  of  Bailroad. 


Tear  ending,. 


1  Number  of  revenue  tons  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  tra  in 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenne  tons,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

IS  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  earnings 


81    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


ILLINOIS  CENTRAL. 


JtTNB  30,  1901. 


4,308 

93a,808 

J  4,0 .51 

8,418 

91,573 

39,831 

a  10,036 

a  37 

33.6 

6.33 
73.1 
339.18 
14.44 
10.4 
336.4 
140 

.619 
145.67 
6.445 


JUNB  30,  1902. 


4,466 
1,041,131 

6  3,790 
8,011 
93,307 
36,170 
O  9,305 
a  35.5 
34.36 
5.89 
75.8 
374.75 
14.88 
11.3 
333.14 
145 

.633 
171.01 
7.03 


CHICAGO,  INDIANAPOLIS  ANO  LOUISVILLE. 


JmiE  30, 1901. 


8 
9 
10 
U 
13 
13 
11 
15 
10 

n 

18 
19 
20 


4,437 
668,611 
3,396 
5,937 
60,577 
36,809 
a  5,688 
a  15.6 
36.39 
7.86 
70.33 
391.34 
1.-..73 
11.04 
151 
130 

.797 
333 
8.783 


June  30, 1902. 


4,919 

787,438 

3,515 

6,367 

67,463 

36,639 

a(j,175 

ol6.9 

36.83 

7.7 

71.3 

313.06 

16.37 

11.67 

160 

121 

.757 
337 
8.84 


33.5 Stone,  Sand,  etc 33.7  ] 

1-5      Lumber 15        ! 

13.1  ....  Bituminous  Coal . . .  .13.3 
10.3  ....Grain  and  Flour....  8.8 
15.8 Manufactures 18 


a  Report  not  clear  on  this  point. 

b  Freight  train  mileage  and  the  statistics  dependent  thereon  included  in  IflOl.  the  mileage  of  helping  engines  and  7^%  o(  mixed  train  mileage  ;  but  iu  1902.  mixed  tra. a 
mileage  is  all  iucluded  and  helping  engine  mileage  ia  excluded,  to  conform  to  the  rules  of  the  Interstate  Commerce  Commission. 


90 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics   of   Physical    Condition. 


Name  of  Railroad. 


Year  ending . 


1  Mileaj^e  owned 

2  Mileage  owned,  leased  and  conlrolled  by  ownership  of  Stock . 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    MUeage  of  various  kinds  of  ballast.. 


6  Mileage  of  second  and  additional  main  track. 

7  Mileage  of  yards  and  sidings 

8  Number  of  ties  renewed  in  track,  per  mile  . . . 


9    Mileage  of  various  weight  rails  . 


I 
I 

10  Number  of  Locomotives  owned,  per  mile 

1 1  Average  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

II  Nnmber  of  Passenger  Cars  owned,  per  mile 


BALTIMORE  &  OHIO. 


June  30, 1901. 


3,321 
3,»16 


810 
1,4!>1 

534: 


juME  30,  vm. 


CLEVELAND,  CINCINNATI,  CHICAGO 
&  ST.  LOUIS. 


JUNB  30,  1901. 


3,834 
4,340 
3,234 


904 

1,391 

S06 


67  to  100  lbs.  per  yd. 


.433 

.404 

10 

35,339 

36,316 

11 

19.39 

31.78 

13 

59,80r 

03,4.50 

13 

.383 

.■ma 

14 

1,891 

2,387 

i,8yi 


80 
941 


Juke  30, 1902. 


1,891 
3,287 
1,891 


103 
983 


67  to  80  Ills,  per  yd. 


10 


.307 


.318 


ANALYSIS  OF  RAILROAD  REPORTS. 
Statistics   of — Assets   and    Liabilities — Income   and    Expenses. 


91 


Xame  of  Railroad. 


Tear  ending  . 


ASSETS  AND  LIABILITIES. 

Stocks  outstanding,  per  mile 

Bonds  outstanding,  per  mile 

Total  Sloc!is  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Commou  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 


BALTIMORE  AND  OHIO. 


Jtnsm  30,1901. 


33,451 

6  65,819 

98,3T0 

<;8,307 

3,887 

19.8 

3,666 

13,993 

15.591,439 

31,111,385 

1,700,719 

531 


JusE  30, 1902. 


INCOHE  AND  EXPENSES. 

14  Gross  Earnings,  per  mile 

15  Percentage  of  Gross  Earnings  to  Capital 

16  Expenses,  per  mile 

17  Percentage  of  Expenses  to  Gross  Earnings 

18  Net  Earnings,  per  mile 

19  Additional  Jli  scellaneous  Income,  per  mile 

20  Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

21  Expenses  for  Maintenance  of  Equipment,  per  mile 

22  Percentage  of  CJross  Earnings  for  Maintenance 

23  Percentage  of  Expenses  for  Maintenance 

24  Expenses  for  Conducting  Transportation,  per  mile 

25  General  Expenses,  per  mile 

20  Percentage  of  Gro.S8  for  Conduct.  Trans,  and  General  Espeoees. 

27  Surplus  Earnings,  per  mile 

28  Percentage  of  Gross  Earnings  for  Surplus 

29  Betterments  charged  to  Reserve  Funds,  per  mile 

a  Includes  discount  and  commission  on  securities  sold,  amounting  to  S321  per  mile. 

b  Includitig  debenture  4  per  cent,  bonds,  convertible  into  common  stock  amounting  to 

c  At  book  value. 

d  After  deducting  SK.52  per  mite  for  betterments  in  moi.  and  S8M  per  mile  in  1902. 

e  After  deducting  S300  per  mile  for  betterments  in  1901  and  g317  per  mile  in  1902. 

/Since  the  close  of  the  fiscal  year,  additional  common  stock  has  been  issued— $13,142  per  mile. 


/•41,864 

6  73,088 

113,943 

<;7,773 

0  3,493 

33. 

4,334 

/33,499 

,538,363 

,633,689 

,635,332 

813 


CLEVELAND,  CINCINNATI,  CHICAGO 
AND  ST.  LOU  S. 


June  30, 1901. 


14,649 

15,827 

14.9 

13.9 

9,653 

10,171 

63.9 

64.3 

4,996 

5,656 

286 

708 

1,779 

1.939 

1,898 

2,077 

35 

25.4 

38.1 

39.5 

,  5,166 

5,349 

813 

804 

40.8 

38.9 

d  1,533 

d  2,016 

10.4 

13.7 

3 
4 
5 
6 

8 
9 
10 
11 
12 
13 


14 
16 
16 
17 
18 
19 
20 
21 
22 
23 
24 


28 
29 


June  30, 1902. 


30,313 

31,033 

51,335 

3,043 

1,880 

19.9 

2,144 

14.803 

3,760,357 

3,467,079 

1,407,708 

763 

37 


9,454 

18.4 
6,408 

67.8 
3,046 

67 
1,197 
1,369 

27.1 

40 

3,665 

176 

40.6 
«933 
9.9 


20,3  r  2 

30,769 

51,081 

2,177 

1,833 

18.5 

2,097 

14,802 

2,700,393 

4,710,105 

1,438,681 

761 

lO 


9,898 
19.4 

6,917 
69.9 

2,981 
41 

1,329 

1,496 
28.6 
40.8 

3  916 
176 
41.3 
c'873 
8.8 


,582  per  mile  in  1901,  and  $2,023  per  mile  in  1902. 


3 
4 
5 
6 

7 
8 
9 
10 
11 
12 
13 


11 
15 
16 
17 
18 
19 
20 
21 
22 
23 
24 
25 
20 

28 
29 


9Z 


ANALYSIS    OF   RAILROAD    REPORTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


yanie  of  Hail  road 

Year  ending 

nAlNTENANCE    EXPENSES. 

1  Maintenance  of  Wav  and  Structure,  per  ton  mile cents 

2  JIaintonancc  of  Equipment,  per  ton  mile cente 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

t)    Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,. per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run. . .  .cents 

PASSENGER    TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

16  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earuiugs,  per  passenger,  per  mile  travelled cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

£2    Percentage  of  passenger  expenses  to  earnings 


BALTIMORE  AND  OHIO. 


June  30,  19U1. 


.08 
.086 
647 
38 
1,T63 

1.018 

4.87 

3,626 

142,506 

3, .528 

17,957 

03,556 

6.1 
40.4      ' 

7.9 
39.3 
78 

1.975 
90.2 
19.45 


Jt^NE  30,  1903. 


.084 
.09 
637 
38 
2,043 

.992 
.485 
5.59 

3,727 

152,256 

3,595 

18,373 

64,241 

5.1 
42 

8.2 

40.86 

82.35 

3.016 

107.36 

81.05 


CLEVELAND,  CINCINNATI,  CHICAGO 
AND  ST.  LOUIS. 


June  30,  1901. 


10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 
21 
22 


.119 
.136 
1,049 
47 
2,176 

2.173 
.529 


2,931 

137,102 

2,754 

10,006 

48,369 

3.63 
60 
13.8 
46.8 
89.9 
1.921 
114.82 
31.63 


June  30,  1902. 


.135 
.141 
1.066 
46 
2,813 

2.167 
.532 


3,007 
154,599 
2,908 
10,745 
49.200 
3.7 
53 
14.3 
61.4 
96.5 

1.878 
118.7 
32.08 


ANALYSIS    OF    RAILROAD    REPORTS. 


93 


Statistics  of  Freight  Traffic. 


Name  of  Railroad 

Tear  ending 

1  Number  of  revenue  tous  carried^  per  mil^ 

2  Revenue  ton  mile?,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  emi>ty  freight  cars,  per  freight  train 

1 1  Percentage  of  loaded  car  mileage  to  total  car  mileage 

13    Average  revenue  tons,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  dittance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hatiled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  earnings 

f 

81    Prinoipalarticlesof  freight  and  percentage  of  tonnage  from  each  ' 

I 
I. 

a  Report  not  clear  on  this  point. 


BALTIMORE  AND  OHIO. 


June  30, 1901. 


10,4^6 
3,aaO,4J8 
5,813 
15,333 
174,077 
36,a08 
a  8,979 
a  34.6 
39.8 
10.16 
65.9 
381 
19.4 
13.9 
313 
106 

.498 
190.1 
6.38 


June  30, 1902. 


11,973 

3,318,083 
5,703 
14,765 
173,631 
36,547 
a  7,936 
a31.7 
30.38 
10.09 
66.78 
406.53 
30.14 
13.4 
193.63 
99.65 
.515 
309.33 
6.91 


50.3,Bitxmiinous  Coal  and  Coke.53.5  i 
15.9 Manufactures 17        I 

7      Grain  and  Flour 4.4   I 

J 


CLEVELAND,  CINCINNATI,  CHICAGO 
AND  ST.  LOUIS. 


June  30,  1901. 


10 
11 
12 
13 
14 
1.5 
16 
17 
18 
19 
20 


5,869 

1,009,.565 

3,036 

89,333 

a  10,406 
0  38.5 
38.4 
6.1 
78.5 
333 
14.93 
11.7 
173 
104.9 

.61 
303 
7.148 


June  30, 1903. 


6,376 

1,064,193 

3,304 

87,786 

a  8,808 
a  34.1 
37.4 
5.G 
79.4 
333 
15.37 
13.1 
166.9 
98.9 
.593 
197 
7.19 


21 


94 


ANALYSIS    OF    RAILROAD    REPORTS. 


PENNSYLVANIA    SYSTEM. 

Statistics  are  not  fnrnished  in  enough  detail  to  allow  of  a  single  analysis  of  tbe  entire  Pennsylvania  system  of  10,485  miles. 

The  Pennsylvania  Railroad  proper  includes  all  toe  lines  directly  operated  east  of  Pittsburgh  and  Eric,  ^   „.     .       ,.„,..  j  o*  t      •    -o  ■,  j    .,     .  ,  tm 

Tlie  systeni,  west  of  Pittsburgh  and  Erie  is  composed  of  the  lines  of  the  Pennsylvania  Company,  the  Pittsburgh,  Cincinnati,  Chicago  and  St.  Lonis  Railway,  and  about  1,500 

°"  "^^  In  "he^  foUowin"  tables  ai  most  representative  of  the  whole  svstem,  the  lines  of  the  Pennsylvania  Company,  the  Pittsburgh,  Cincinnati,  Chicago  and  St.  Lonis  Railway 
and  the  Pennsylvania  Railroad  are  separately  analyzed.    The  latter  company  does  not  publish  full  details  for  1901— therefore  the  1900  report  alone  is  tlsed.   ^  . .    .v    ™  x  i.      t. 

The  Pennsylvania  Railroad  owns  the  entire  capital  stock  of  the  Pennsylvania  Company.  The  Pennsylvania  Company,  in  turn,  owns  a  controlling  interest  in  the  Pittsburgh, 
Cincinnati,  Chicago,  and  St.  lionis  Railway. 

The  Pennsylvania  Railroad,  therefore,  receives,  as  miscellaneous  income,  rcTenue  from  the  entire  system. 

Statistics  of  Physical  Condition.  


Same- of  Railroad., 


Year  ending . 


1  Mileage  owned 

»  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. . 

S  Average  mileage  operated  

4  Mileage  ballasted 


6"  Mileage  of  various  kinds  of  liallast. 


6  Mileage  of  second,  third  and  fourth  main  tracks  . 

7  Mileage  of  yard  and  side  tracks 

8  Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails 


10  Number  of  Locomotives  owned,  per  mile 

1 1  Average  tractive  power  of  Locomotives poundi 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 


PITTSBURGH.  CINCINNATI, 
CHICAGO    AND    ST.    LOUIS. 


December  31, 1900. 


1,407 
1,407 
1,407 


378 
585 


Deceiuber  31, 1901. 


1,407 

1,407 
1,407 


a78 

585 


60,  70  and  85  lbs.  per  yd. 


9.889 


.3oa 


PENNSYLVANIA  COMPANY. 


December  31,  1000. 


Decemeer  31, 1901. 


10 
11 
12 
13 

14 


1,396 
1,396 
1,396 


336 

816 


1,396 
1,396 
1,396 


336 
816 


60  to  85  lbs.  per  yd. 


.391 
33,157 

37.13 

73,874 

.33 


.394 
33,981 

37.8 
74,331 

.353 


PENNSYLVANIA 
RAILROAD. 


DECE.1IBER  31,  1900. 


539 

4,098 

e  3,959 


p 

J  50 

I' 


1,516 
1,930 

J54T 


to  100  lbs.  per 
d. 


J. 318 

30,834 

J  33.04 

60,988 

».488 


(t  Lines  directly  operated  only,  excluding  the  Buffalo  and  .Mle^'lieny  Valley  division  ( 
b  Including  the  Buffalo  and  Allegheny  Valley  division. 


)  miles),  which  was  operated  for  only  sis  months  of  the  year. 


AjStalysis  of  railroad  reports. 


95 


statistics  of— Assets  and   Liabilities— Income  and    Expenses. 


Nante  of  Railroad. 


Tear  ending. . 


ASSETS  AND  LIABILITIES. 

1  Stocks  outstandiiiL;,  per  mile 

2  Bonds  outstanding,  per  mile 

3  Total  Stocks  and  Bonds,  per  mile 

4  Various  Stocks  and  Bonds  iu  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus  

Total  Surplus,  per  mile 


5 
6 
7 
8 
9 
10 
11 
18 
13 


Reserve  Funds,  for  Betterments,  per  mile 

INCOHE  AND  EXPENSES. 

14  Gross  Earnings,  per  mile 15^at  17,^64                 14 

15  Percentage  of  Gross  Earnings  to  Capital 23.3  it5.9             15 

16  Expenses,  per  mile 11,134  11,66§                 16 

17  Percentage  of  Expenses  to  Gross  Earnings 70.4  67.6              17 

18  Net  Earnings,  per  mile 4,690  5,596                 18 

19  Additional  Miscellaneous  Income,  per  mile 156  193                 19 

20  Expenses  for  Maintenance  of  Way  and  Structure,  per  mile ti,-i1t'i  2,197                 20 

21  Expenses  lor  Maintenance  of  Equipment,  per  mile 2,8  03  3,026                 21 

22  Percentage  of  Gross  Earnings  for  Mainteoance 31.9  30.3 

23  Percentage  of  Expenses  for  Maintenance 45.3  44.8             93 

24  Expenses  for  Conducting  Transportation,  per  mile 5,833  6,158                34 

25  General  Expenses,  per  mile 265  •           385                 35 

26  Percentage  of  Gross  for  Conduct.  Trans,  a'nd  General  Expenses 38.5  37.3             26 

27  Surplus  Earnings,  per  mile o  1,034  a  1,342 

28  Percentage  of  Gross  Earnings  for  Surplus 6.5  7.8             3S 

29  Betterments  charged  to  Reserve  Funds,  per  mile , 29 

a  After  deducting  S6.'i9  per  mile  in  IQOO  and  Sl,393  per  mile  in  1901,  for  betterments,  etc. 

b  After  deducting  $716  per  mile  in  1900  and  $a-<7  per  mUe  in  1901,  for  betterments,  etc. 

c  Including  securities  of  roads  in  this  company.    Report  not  clear  enough  to  allow  of  their  exclusion. 

d  Cost  to  Company 

e  Exclusive  of  sinking  funds  of  $10,173,635. 

f  Assets  and  Liabilities  include  Buffalo  and  Allegheny  Valley  division. 


PITTSBURGH,  CINCINNATI, 
CHICAGO    AlMD    ST.    LlUIS. 


DeCEMBEB3),  1900.    DECE5IEER31,lfl01 


34,052 

33,a03 

67,254 

1,110 

3,154 

19.9 

3,199 

17,516 

5,399,070 

3,890,500 

3,664,861 

2,604 


34,130 

32,484 

66,614 

1,714 

3,134 

18.2 

3,779 

17,594 

4,754,179 

5,765,376 

3,6  78,731 

2,615 


PENNSYLVANIA  COMPANY. 


PENNSYLVANIA 
RAILROAD. 


DECE5LBEK  31,   1900. 


9 
10 

11 

13 
13 


15,043 

17,534 

33,577 

<;  89,704 

6,072 

33.3 

6,072 

13,043 

8,069,675 

8,855,539 

5,176,318 

3,708 

3,388 

lS,iS88 

56.1 
12,261 
68.8 
6,027 
1,659 
3,883 
2,765 
30.7 
45.3 
6,306 
309 
36.3 
6  802 
4.4 


December  31,  IDOl 


28,653 

17,537 

46,190 

C  66,173 

6,833 

33.8 

6,833 

28,653 

8,034,773 

12,600,713 

5,330,856 

3,819 

3,949 

20,813 

45.1 
13,855 
66.6 
6,958 
2,311 
3,309 
3,253 
31.1 
46.7 
7,009 
381 
33.5 
b  16,581 
8 


Decemeek  31, 1900L 


41,530 

29,937 

71,487 

d  46,121 

5,388 

22.5 
5,388 


yf 


41,.530 

30,065,934 

28,399,345 

«  22,485,304 

6,164 

822  J 


38,497 

33 

18,659 

65.23 
9,838 
1,779 
3,599 
4,384 

as 

43 

10,339 

437 

37 

4,736 

30 


96 


ANALYSIS   OF  RAILROAD  REPORTS. 


Statistics   of   Maintenance    Expenses— Passenger  Traffic. 

PITTSBURGH,  CINCINNATI, 
CHICAGO  AND  ST.  LOUIS. 

PENNSYLVANIA  COMPANY. 

PENNSYLVANIA 

RAILROAD. 

Year  enUitig 

Dece.meerSI,  IOOO. 

Decesieek  31, 1001. 

December  31,  1900. 

Decemeee31,  1901 

December  31, 1900. 

MAINTENANCE  EXPENSES, 

1  MaintenaDce  of  Way  and.  Structure,  per  ton  mile 

2  Maintenance  of  Equipment,  per  ton  mile 

3  Maintenance  of  Pas^jenf er  Cars,  per  car 

. . .cents 
. . .centa 

.139 
.163 

.113 
.136 

1 
2 
3 

4 
5 
6 

8 

9 
10 
11 
13 
13 
14 
15 
10 
17 
18 
19 
20 
21 
22 

.134 

.119 
791 
33 
3,391 

1.454 
.781 
5.76 

5,363 

144,341 

3,585 

18,389 

53,605 

5.1 

40 

7.8 
37.43 
57.4 

3.09 
111.8 
•V    31.93 
94.7 

.119 
.13 

843 

56 

3,060 

1.431 

.803 
7.36 

5,793 

158,344 

4,093 

30,736 

58,753 

5.1 
39 

7.6 
37.33 
38 
3.13 
107.8 
31.14 
96.5 

.09)4 
.113 
781 

78 

3,391 

6  Maiuteuauce  of  Passenger  Cars,  per  car,  per  mile  run 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run 

PASSENGER  TRAFFIC. 

.. .cents 
...cents 
...cents 

1.645 

.711 

5,839 

173,531 

4,099 

5.81 

.6,016 

175,696 

4,193 

13,735 

399,536 

11    Passenger  traiu  milea"e,  per  mile 

5,487 

12    Passenger  ciir  mileage,  per  mile 

38,345 

47,478 

14    Average  number  of  cars,  per  passenger  train 

5.3 

43 

43 

55 

10.6 

17  Average  distance  travelled,  per  passeDgcr 

18  Gross  earnings,  per  passenger 

19  Gross  earnings,  per  passenger,  per  mile  travelled 

SO    Gross  passenger  earnings,  per  train  mile 

21    Gross  passenger  earnings,  per  car  mile 

. .  .miles 
...cents 
. . . cents 
...cents 
...cents 

39.73 
60.4 

3.03 
115.4 

39.3 
60.1 

3.06 
116.3 

31.8 
43.3 

1.98 
131.4 
35.37 

22    Percen  tage  of  passenger  expenses  to  earnings 

89.3 

88.8 

73.4 

ANALYSIS    OF    RAILROAD    REPORTS. 


97 


Statistics  of  Freight  Traffic. 


Name  of  Railroad 

Year  ending 

1  Number  of  revenue  tons  carried,  per  mile 

2  Eevenne  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train  

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tons,  per  freight  train 

18    Average  revenue  tone,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Grose  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

SO    Percentage  of  freight  expenses  to  earnings 


tl    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


PITTSBURGH,    CINCINNATI, 
CHICAGO    AND    ST.    LOUIS. 


Decemeeb  31, 1900. 


December  31, 1001 


1,737,373 
6,394 

158,105 

a  15,989 
a  43.8 
39.1% 
T.33 
71.3 
374.44 
15.41 
10.9 
111.14 
69.8 
.63 
170.9 
6.8 
77.4 


18,538 

l,938,fi77 

6,455 

173,543 


36.73 

7.93 

70.3 

300.36 

15.97 

11.3 

104.G3 

64.8 

.63 
186 
6.96 
73.9 


39.5 6  Coal  and  Coke.... 37 

37.4 Manufactures 37 


PENNSYLVANIA  COMPANY. 


Decembee  31, 1900. 


10 
11 
Vi 
13 
14 
1.1 
16 
17 
18 
19 
20 


39,895 
3,330,306 
6,388 
14,899 
177,545 
38,093 
a  6,547 
0  17.9 
36.85 
7.34 
70.3 
364.75 
18.7 
13.6 
77.95 
45.7 
.59 
313.9 
7.97 
71.8 


December  31, 1901. 


36,054 
3,706,034 
6,843 
16,483 
189,801 
41,836 
a  6,837 
a  18.7 
37.74 
7.87 
78 
395.49 
19.9 
14.3 
75.05 
43.G 
.58 
330 

8.39 
70 


36.8 ftCoal  and  Coke  ....35.8 

38.5.. Ores,  Stone, Sand, etc.. 36.6 
33 Manufactures 35.3 


PENNSYLVANIA 
RAILROAD. 


December  31, 1900. 


3.3,317 
3,896,647 
8,054 
19,879 
198,335 
39,434 
a  10,977 
a  30 
34.6 
9.1 
63.9 
483.8 
31.3 

i9.r 

110.69 
59.7 
.539 

360.9 
10.6 
67 

I  43.4. »  Coal  and 
I  Coke. 

I  13.4.  Anthracite. 

L 


a  Report  not  clear  on  thia  point. 
b  Bitominotts  coal. 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of    Physical  Condition. 


y'ame  of  Railroad. 


Tear  ending . 


1 '  Mileage  owned ■ 

•2    Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  various  kinds  of  ballast. 


6  Mileage  of  second,  third  and  fourth  main  tracks. 

7  Mileage  of  yard  and  side  tracks 

8  Nuni  ber  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails. . 


I 

10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 


LAKE  SHORE  AND  MICHIGAN 
SOUTHERN. 


December  .31, 19C0.  Decemb4p.  31, 1901, 


1,091 
1,411 
1.411 


1,091 
1,411 
1,411 


Whole  system. 
All  gr;ivel  ballast. 

T99 

487  I 

60  to  80  lbs.  per  yd. 
.371 


53a 

838 
536 


.305 


.413 

10 

21,000 

11 

15.38 

1-3 

60,000 

13 

.305 

14 

MICHIGAN  CENTRAL  (including 
Canada  Southern). 


December  31,  1900. 


December  31, 1901 


1,635 
1,635 
1,635 


1,658 
1,638 
1,658 
1,644 


863 
969 
430 


..Gravel 1,014 

...Sand 441 

.Cinders....     166 

308 

1,034 

407 


56  to  80  lbs.  per  yd. 


.383 
8.53 
.331 


J 
.378 
17,933 

8.37 
51,300 

.337 


ANALYSIS   OF  RAILROAD   REPORTS. 


93 


Statistics   of — Assets   and    Liabilities — Income   and    Expense. 


Name  of  Railroad. 


Tear  ending. 


ASSETS  AND  LIABILITIES. 

Stocte  outbtanding,  per  mile 

Bonds  outstanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixe  J  Cburgep,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 

INCOHE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Espent^e-^,  per  mile 

Percentage  of  Groies  for  Conduct.  Trans,  and  General  Expenses. . . 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


LAKE  SHORE  AND  MICHIGAN 
SOUTHERN. 

MICHIGAN  CENTRAL  (including  Canada  Southern). 

December  31, 1900. 

December  31, 1901. 

December  31,  1900. 

December  31, 1901. 

35,436 

35,436 

1 

20,635 

20.349 

1 

35,930 

35,971 

2 

35,080 

35,538 

2 

1  = 

71,386 

71,407 

3 

46,315 

45,877 

3 

a  19,031 

a  30,899 

4 

4,145 

4,324 

4 

3,303 

3,894 

5 

(;J,940 

c  3,014 

5 

13.3 

11.1 

6 

19 

18.1 

6 

0  £ 

3,303 

3,294 

7 

1,940 

3,014 

7 

«l  . 

35,058 
5,157,133 

35,058 
5,138,333 

8 
9 

11,401 
3,711,916 

11,303 

3,936,743 

8 
9 

1^1 

11,685,368 

10,428,603 

10 

3,164,338 

3,090,835 

10 

5,-S 

11,348,633 

14,794,067 

11 

7,351,841 

7,377,690 

11 

-■i  § 

7,973 

10,483 

12 

4,435 

4,389 

12 

to  —   ^ 

.2   c    « 

13 
14 

49 

10,333 

179 
11,153 

13 
14 

18,753 

30,744 

PI 

36.3 

39.1 

15 

33.1 

34.3 

15 

and  I 
rcful 

11,763 

13,830 

16 

7,806 

8,587 

16 

63.7 

66  6 

17 

76.3 

77 

17 

»  S  2 

6,991 

6,934 

18 

3,436 

3,566 

18 

631 

943 

19 

38 

43 

19 

<  J=  S 

3,190 

3,405 

SO 

1,617 

2,076 

20 

■S  S2 

J  3,875 

ft  4,184 

21 

1,473 

1,608 

21 

1^0 

87 

31.8 

22 

30.3 

33.6 

22 

•I  i'S 

43.1 

47.7 

23 

39.4 

43.6 

23 

i  §5 

6,443 

6,948 

24 

4,507 

4,677 

24 

357 

385 

25 

309 

167 

25 

0)    C3     S 

35.7 

34.9 

26 

46.1 

43.4 

26 

4,719 

5,071 

27 

514 

593 

27 

u 

35.3 

34.4 

28 

5 

5.3 

28 

29 

49 

29 

a  Book  value. 

b  Including  cost  of  new  equipment,  $1,608  per  mile  in  1900  ;  $2,544  per  mile  in  1901. 

c  TncludiDg  that  portion  of  the  net  surplus  belonging  to  Canada  Southern,  $184  per  mile  in  1900  and  $226  per  mile  in  1901.    This  sum  is  applicable  to  dividends  on 
Canada  Soutfaeiu  Stock. 


100 


ANALYSIS    OP    RAILROAD    REPORTS. 


Statistics   of — Maintenance  — Passenger   Traffic. 


Name  of  Railroad. 


Year  ending. 


MAINTENANCE  EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  ton  mile cents 

2  Maintenance  of  Equipment,  per  ton  mile cente 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freiglit  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

6  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  rnn cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run. . .  .cents 

PASSENGER  TRAFFIC. 

9  Number  of  passengers  curried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  permUe 

1?  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car  

li  Average  number  of  cars,  per  passenger  train  

15  Average  number  of  passengers,  per  passenger  train 

IG  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings  

a  Includes  cost  of  new  equipments,  amounting  to  about 


LAKE  SHORE  AND  MICHIGAN 
SOUTHERN. 


December  31,  1900.  December  31, 1901 


.086 
.049 
n783 
a  90 
a  3,503 

0  1.009 
a. 605 
0  7.66 

3,519 

187,500 

3,571 

83,636 

77,569 

6.6 

63 

8.03 

63 

108 

3.035 
164.81 
S3.466 
65.9 
two-tbirds  of  total. 


.083 
.058 
0  667 
a  150 
o  4,374 

a.  749 
a  1.06 
0  9.08 

4,318 
866,537 
3,908 
37,303 
89,057 
6.9 
68.3 
9.6 
63 
114 

1.809 
168.76 
34.457 
66.8 


MICHIGAN   CENTRAL   (including 
Canada  Southern). 


December  31,  1900.        December  31, 1901 


9 

10 
11 
VI 
13 
14 
15 
16 
17 
18 
19 
20 
21 
23 


.133 
.18 


619 

68 

8,305 


1,843 
108,469 


68.9 
139.237 
8.194 


.166 
.133 
666 
66 
3,960 

.874 
.580 
7.18 

3,051 
137,693 
3,836 
17,363 
76,044 
6.1 
47.8 
7.7 
67.1 
136.48 

2.034 
118.76 
19.47 


ANALYSIS  OF  RAILROAD  REPORTS. 


101 


Statistics   of    Freight  Traffic. 


Name  of  Railroad. 


Tear  ending. 


Number  of  revenue  tons  carried,  per  mile  

Eevenae  ton  miles,  per  mile 

Freight  train  mileage,  per  mile 

Locomotive  mileage,  per  mile 

Freight  car  mileage,  per  mile 

Locomotive  mileage,  per  locomotive 

Freight  car  mileage,  per  car 

Freight  car  mileage,  per  car,  per  day ... 

Average  number  of  all  freight  cars,  per  freight  train 

Average  number  of  empty  freight  cars,  per  freight  train 

Percentage  of  loaded  car  mileage  to  total  car  mileage 

Average  revenue  tons,  per  freight  train 

Average  revenue  tone,  per  loaded  car 

Average  revenue  tons,  per  loaded  and  empty  car 

Average  distance  of  haul,  per  ton  of  freight miles 

Gross  earnings,  per  ton cents 

Gross  earnings,  per  ton,  per  mile  hauled , cent> 

Gross  freight  earnings,  per  train  mile cents 

Gross  freight  earnings,  per  car  mile cents 

Percentage  of  freight  expenses  to  earnings 


21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each  ; 


LAKE  SHORE  AND  MICHIGAN 
SOUTHERN. 


December  31, 1900.  |  December  31, 1901 


14,067 

2,566,144 

5,644 

14,094 

aio,a43 

46,730 
a  14,878 
a  40.8 
37.3 
10.8 
71.1 
454.7 
17.16 
13.19 
183.4 
93.11 
.606 
230.01 
6.17 
65 


MICHIGAN  CENTRAL  (including 
Canada  Southern). 


December  31, 1900. 


15,360 
a,839,514 
6,353 
14,490 
816,333 
47,068 
<z  31,664 
a  38.8 
40.4 
10.4 
74.2 
630.5 
17.68 
13.13 
186.1 
91 

.489 
259.71 
6.43 
70 


51.7 Minerals 60.6 

13.5 Manufactures 16.5 

10     ...Grain  and  Flour...   9.2 


4 

f, 

6 

7 

8 

9 

10 

11 

IS 

13 

14 

15 

16 

17 

18 

19 

20 


6,341 
1,226,974 


40,667 


December  31, 1901 


193 

114.266 
.692 


6,784 
1,264,315 
4.315 
11,158 
94,211 
41,028 
a  11,356 
u  30.8 
21.8 
7.8 
64.3 
291 
20.8 
13.3 
186 
114.33 
.618 
179.74 
8.24 


■n 


a  Report  not  clear  on  this  point. 


103 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of  Physical  Condition. 


NEW  YORK,  CHICAGO  &  ST.  LOUIS. 

LAKE  ERIE  AND  WESTERN. 

December  31, 1900. 

December  31, 1901. 

December  31, 1900. 

December  31, 1901. 

513 

5»3 
533 

513 
5-43 
623 
5U 

1 
» 
3 

4 

6   J 

6 
7 
8 

9  J 

10 
11 
12 
18 
14 
16 

887 
887 
880 

887 
887 
880 

1 

2    Mileage  owned,  leased  and  controlled  by  ownership  of  Stock 

2 
3 

4 

Only  gravel  ballast  used. 

15            1                     15 
1«»                                  19? 
318             1                    369 

60  and  fi5  lbs.  per  yd.                 I- 

5 

■• 

6 

315 
455 

337 
394 

7 

8 

60,  60  and  75  lbs.  per  yd.              [ 

9 

• 

.306 

.304 

.139 

.135 

10 

11    Average  tractive  power  of  Locomotives 

pounds 

11 

13.07 
.11» 

ao,4or 

14.42 

6.61 

6.07 

12 

13    Average  capacity  of  Freight  Cars 

pounds 

13 

.14 

18,637 

.1 

.1 

14 

15    Aggregate  length  of  wooden  trestles  and  bridges 

feet 

16 

ANALYSIS    OF    RAILROAD    REPORTS. 


103 


Statistics  of — Assets  and  Liabilities — Income  and  Expenses. 


Aatne  of  Sailroad. . 


Tear  ending . 


ASSETS  AND  LIABILITIES. 

1    Stocks  outstanding,  per  mile 

3    Bonds  oufetanding,  per  mile 

3  Total  Slocks  and  Bonds,  per  mile  

4  Various  Stocks  aod  Bonds  in  Treasury,  per  mile 

5  Fixed  Charges,  including  Taxes,  per  mile 

G    Percentage  of  Fixed  Charges  and  Taxes  to  Earnings.. 

7  Charges  ahead  of  Common  Stock,  per  mile 

8  Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile  


INCOME  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  (;;ross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Jlaintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  cf  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

Surplus  Earnings,  per  mile ^ 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


NEW  YORK,  CHICAGO  &  ST.  LOUIS. 


December  31, 1900. 


57,361 
37,141 
94,50!i 

3,309 

17.a 

3,839 

30,769 

3,393,338 

3,057,703 

849,866 

1,035 


13.438 
14.3 

0  10,359 

76.4 
3,169 
51 
J  1,738 
i  1,358 
33.3 
39.1 
b  7,041 
333 
54.3 
911 
6.8 


December  31, 1901 


57,361 
37,141 

94,503 

3,393 

16.7 

3,933 

36,769 

3,880,310 

3,595,556 

888,798 

1,099 


14,313 
15.1 

a  10,798 

75.4 
3,514 
63 
J  1,796 
S  3,084 
a7.1 
35.9 
b  6,693 
337 
48.3 
1,183 
8.3 


LAKE  ERIE  AND  WESTERN. 


December  31, 1900.         December  31, 1901 


1 
2 
3 
4 
5 
6 
7 
8 
9 
10 
11 
12 
13 

U 

15 
16 
17 
18 
19 
20 
21 
22 
23 
24 
25 
26 
27 


36,909 

13,358 

39,367 

Cl54 

996 

19.5 

1,803 

13,455 

1,334,060 

900,660 

813,900 

935 


5,086 

13 

3,377 

64.4 
1,S09 

988 
487 

39 

40.5 
1,583 
319 

35.4 
835 

10.3 


36,909 

13,358 

39,367 

Cl35 

995 

19 

1,803 

13,455 

1,376,817 

893,485 

643,496 

734 

337 

5,151 

13 
3,617 

70 
1,534 

35 

1,073 

595 

33.4 

46 

1,794 

156 

38 
574 

11 


a  Includes  betterments  amounting  in  1900  to  $76J  per  mile,  and  in  1901  to  $1,446  per  mile, 
ft  Estimated. 
c  Par  value. 


104 


ANALYSIS  OF  RAILROAD   REPORTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


yame  of  Mailroad. 


Tear  ending. 


HAINTENANCE   EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  ton  mile cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freiglit  Cars,  per  car 

5  Maintenance  of  Locomoti\-es.  per  locomotive 

6  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freiglit  CaYs.  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run cents 

PASSENGER    TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  A  verage  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

16  Average  number  of  passengers,  per  car 

17  Average  distance  traveled ,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  traveled cents 

tiO    Gross  passenger  earning?,  per  train  mile cents 

21    Gross  passenger  earnings,  per  car  mile cents 

23    Percentage  of  passenger  expenses  to  earnings 


NEW  YORK,  CHICAGO  &  ST.  LOUIS 


December  31, 1900.  Decembeb  31, 1901 


.075 
.034 


!i,lH4 
34 

1,586 


1,105 

12r,2*4 

2,303 


0.28 
55 

8.75 
115.-4 
195.6 
1.7 
101.5 
16.16 
71 


.078 
.081 
481 
076 
&1,S46 

.874 
a.237 
3.57 

1,266 

158,793 

3,295 

13,402 

110,014 

G.71 

69 

10.3 

125.4 

196.9 

1.37 
117.3 
17.48 
58 


LAKE  ERIE  AND  WESTERN. 


Dbcembbr  31,  1900.  Decembeb  31, 1901, 


« 

10 
11 
18 
13 
14 
15 
16 

ir 

18 
19 
20 
21 
23 


.173 
.086 
678 
33 
1,086 

1.179 
.453 
3.09 

2,064 

60,320 

1,583 

5,752 

57,516 

3.63 
54.45 
15 

29.23 
58.19 
1.99 
75.83 
20.89 


.187 

.103 
731 
37 
1,645 

1.223 
.468 
4.45 

3,130 

64,138 

1,664 

5,979 

59,790 

3.59 
39.49 
11 

30.13 
50.13 
1.96 
75.66 
21.08 


a  Including  cost  of  800  new  freight  cars. 

b  There  was  also  the  sum  of  $191,000  charged  to  operating  expenses,  for  new  locomotives  not  yet  received. 


ANALYSIS   OF   RAILUUAD   KEl'UUTS. 


105 


Statistics    of    Freight  Traffic. 


Name  of  Railroad. 


Year  ending. 


Number  of  reveDue  tons  carried,  per  mile 

RevcDue  ton  miles,  per  mile. 

Freight  train  mileage,  per  mile 

Locomotive  mileage,  per  mile 

Freiglit  car  mileage,  per  mile 

Locomotive  mileage,  per  locomotive 

Freight  car  mileage,  per  car 

Freight  car  mileage,  per  car,  per  day 

Average  number  of  all  freight  cars,  per  freight  train 

Average  number  of  empty  freight  curs,  per  freight  train 

Pertentage  of  loaded  car  mileage  to  total  car  mileage 

Average  revenue  tons,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car. 

14  Average  revenue  tons,  per  loaded  and  empty  car 

1.5    Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  earnings 


f 
21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each  -j 


a  Report  not  clear  on  \\\U  point. 


NEW  YORK,  CHICAGO  &  ST.  LOUIS. 


December  31, 1900. 


r.rsi 

i,313,905 
8,285 

336,693 

al7,343 
«4  8 
97.4 
9.3 
66 
379 
15.37 
10 
39T 
143.3 

.478 
133.5 
4.909 
78 


Decembeh  31,1901 


8,839 
3,.'-.61,373 
8,351 
13,353 
331,395 
43,307 
al6,053 
a44 
37.7 
8.3 
70 
307 
15.73 
11 
390 
131.3 

.4.53 
138.9 
5.014 

7y.c. 


31.8.... Grain  and  Flour.  ...19.4 

13     Coal 14 

8.1   Lumber G.l 


LAKE  ERIE  AND  WESTERN. 


December  31, 1900. 


;  December  31, 1901. 


_L 


10 
II 
12 
13 
14 
15 
16 
17 
18 
19 
30 


3,646 
589,809 
3,031 
4,550 
48,159 
33,817 
rt7,385 
019.9 
33.8 
7.3 
69.64 
383.68 
10.99 
11.9 
156.39 
96.719 
.619 
174.459 
T.333 


I 


3,8.56 

573.337 

3,031 

4,653 

47,414 

34,407 

a7,800 

031 

33. 

6. 

73. 

381, 

16 

13 

148 

94 

180 

7 


6 

,05 

.93 

.78 

,69 

.35 

,635 

.003 

,673 


31.8 Grain  and  Flour. . .  19.6 

31     Manufactures 31.3 

8.9 Bituminous  coal —  9.4 


106 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of  Physical  Condition. 


Natnr  of  RaUvoaxl . 


Tear  vittfin*/  . 


X  Mileage  owned , 

a  Sniongc  owned,  leased  and  controlled  by  ownership  of  Stock., 

3  Average  mileage  oporated , 

•1  Mileage  ballasted , 


5    Mileage  of  various  kinds  of  ballast... 


G    Mileage  of  second,  third  and  fourth  main  tracks. 

7  Mileage  of  yard  and  side  tracks 

8  NumbtT  of  tits  renewed  in  track,  per  mile 


fl    Mileage  of  various  weight  rails 


I 

10  Number  of  Locomotives  owucd,  per  mile 

11  Average  tractive  power  of  Locomotives potmds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Avcra},'e  capacity  of  Freight  Cars? pound: 

14  NumhLT  of  Pas.'^cn^^T  Cars  nwned.  per  mile 


NEW  YORK  CENTRAL  AND 
HUDSON  RIVER. 


Ji:ne  30,  ICOl. 


JtlN£  3fi,  1903. 


819 

3,357 
3,323 


810 

3.330 

3.320 

04,464 


1,83C 
1,945 


.Gravel 3,8~1 

.Cinder 831  i 

.  .Stone 536  1 

J 
1,863 
1.0~7 
467 


.50  to  100  lb..;,   per  J-il. 


.497 


19.33 
54,380 

.639 


I 
J 

.516 

33,540 

18.63 
55.500 

.634 


NEW  YORK.  NEW  HAVEN 
AND  HARTFORD. 


« Including  236  miles  reported  as  of  "  miscellaneous  ballast ' 


June  30,  1901. 


10 
11 
12 
13 
11 


438 
3,038 
2,037 


JlXE  30,  iao2. 


438 
3,038 

3.037 
3,008 


Gravel 1,833  I 

.Broken  Stone ITS  j 

J 


813 
1,160 


845 

.1,180 

597 


,.eOto  100  lbs.  per  yd.. 


.455 


.465 

10 

17,000 

11 

6.53 

12 

47,000 

13 

.927 

U 

ANALYSIS  OF  RAILROAD  REPORTS. 


107 


Statistics  of— Assets  and   Liabilities— Income  and    Expenses. 


Same  of  Railroad. 


Tear  ending.. 


ASSETS  AND  LIABILITIES. 

Stocks  outptandiii;^',  per  mile 

Bonds  outsf anding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Cliarges  and  Taxes  to  Earnings. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus  

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 


INCOHE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Aliscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. . 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  r'unrts,  per  mile 


NEW  YORK  CENTRAL  AND 
HUDSON  RIVER. 


June  30,  IflOL 


33,681 
60,171 
a5,S3a 

.-jg.oir 

6,.371 

30.! 

0,3?  1 

3.'5,681 

,3,'>a,4riJ 

,308,779 

,709,993 

3,65S 

563 


aO,5Sl 

31.3 
13,314 
G4.3 
7,367 
1,400 
3,430 
3,430 
33.6 
30.7 
7,874 
484 
4  0.0 
r/ 1,981 

9.6 
331 


JONE  30,  190-2. 


39,733 
38,414 
98,147 
38,370 
6,395 

39.: 

6,393 

39,733 

33,363,643 

16,009,930 

15,834,667 

4,769 

335 


31,336 

31.8 
14.116 

06.09 
7,340 
1,409 
3..590 
3,793 
33.3 
38.1 
8,193 
538 
40.89 
rt  1,888 

8.9 
331 


NEW  YORK,  NEW  HAVEN 
AND  HARTFORD. 


June  30,  190L 


JiTNE  30, 1902. 


9 
10 
11 
12 
13 

U 
15 
16 

ir 

18 
19 

ao 

31 
22 
23 
24 

25 
20 
27 
2S 
29 


36,97  8 

b  16.031 

43,029 

11.711 

3,941 

19.9 

3,941 

36,978 

8,844,179 

7,313,159 

13,13,3,517 

6,474 


19,790 

46 

13,833 

69.89 
5,901 
278 
3,703 
3,194 
34.7 
33.4 
8,468 
474 
4  5.3 
3,398 
11.7 


30,978 

b  10,051 

43,039 

11,840 

4,036 

18.8 

4,030 

36,978 

8,443,003 

0,501,740 

13,498,843 

6,660 


31,467 

49.9 
13,430 

71.80 
6,041 
.303 
.3,038 
3,677 
30.0 
37 
9,383 
436 
43.3 
3,308 
lO.ti 


10 

11 

12 
13 


14 
1.5 
16 
17 
18 
19 
20 
31 
oo 

23 
2) 

25 
26 
27 
28 
39 


rt  After  deducting  $465  per  mile  for  betterments  in  1901  and  $637  per  mile  in 
b  Including  convertible  bonds  amounting  to  $8,089  per  mile. 


1902, 


108 


ANALYSIS    OF   RAILROAO  REPORTS. 


Statistics   oi    Maintenance — Passenger   Traffic. 


Name  of  Railroad 

Year  ending 

MAINTENANCE  EXPENSES. 

1  Maintenauco  of  W^ay  and  Structure,  per  ton  mile cents 

2  Mainteuance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Care,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

C  Mainteuance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  uf  Freight  Care,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run. .  .cents 

PASSENGER  TRAFFIC. 

9  N  umber  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

H  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

16  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 

a  Approximate. 


NEW  YORK  CENTRAL  AND 
HUDSON  RIVER. 

NEW  YORK.  NEW  HAVEN 
AND  HA.RTFORD. 

Junk  30,  1901. 

Juins  30,  I'JOS. 

J 

UNE  30,  1901. 

June  30,  1902. 

.118 

.134 

1 

.433 

.436 

1 

.119 

.145 

2 

.344 

.376 

2 

788 

709 

3 

714 

558 

3 

33 

43 

4 

77 

130 

4 

1,958 

a,087 

5 

1,493 

1,848 

5 

i.soa 

1.647 

6 

2.345 

1.7 

6 

.309 

.416 

r 

.594 

.88 

7 

5.198 

5.584 

8 

5.414 

6.366 

8 

1«,44(; 

li,917 

9 

36,173 

39,037 

9 

355,7!J0 

431,748 

10 

468,319 

505,379 

10 

6,317 

6,8ai 

U 

6,857 

7,346 

11 

34,373 

37,149 

13 

38,639 

30,335 

12 

43,741 

43,068 

13 

31,798 

.33,t36 

13 

5.4 

5.4 

14 

4.11 

4.1 

14 

56 

59 

15 

07 

69 

15 

10.4 

10.9 

16 

16.3 

16.8 

16 

as 

M 

17 

ir.89 

17.41 

17 

50.96 

56 

18 

31.548 

30.365 

18 

i.sa 

1.75 

19 

1.763 

1.744 

19 

lao 

laa 

20 

140.434 

143.141 

20 

aa.aa 

•A-i.rt'i 

21 

34.166 

34.67 

21 

rtOO 

22 

22 

ANALYSIS    OF    RAILROAD    REPORTS. 


109 


Statistics  of  Freight  Traffic. 


Katne  of  Railroad. 


Xear  ending  . 


Number  of  revenwe  tons  carried,  per  mile 

Revenue  ton  miles,  per  mile 

Freight  train  mileage,  per  mile 

Locomotive  mileage,  per  mile 

Freight  car  mileage,  per  mile 

Locomotive  mileage,  per  locomotive 

Freight  car  mileage,  per  car 

Freight  car  mileage,  per  car,  per  day 

Average  number  of  all  freight  cars,  per  freight  train 

Average  number  of  empty  freight  care,  per  freight  train 

Percentage  of  loaded  car  mileage  to  total  car  mileage 

Average  revenue  tons,  per  freight  train 

Average  revenue  tons,  per  loaded  car 

Average  revenue  tons,  per  loaded  and  empty  car 

Average  distance  of  haul,  per  ton  of  freight milee 

Grose  earnings,  per  ton cents 

Grof s  earnings,  per  ton,  per  mile  hauled cents 

Gross  freight  earnings,  per  train  mile cents 

Gross  freight  earnings,  per  car  mile cents 

Percentage  of  freight  expenses  to  earnings , 


NEW  YORK  CENTRAL  AND 
HUDSON  RIVER. 


June  30,  1901.  June  30,  1902. 


Ul    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


a  Approximate. 

b  Report  not  clear  on  this  point. 


11,303 
;i,049,T8e 

5,898 
17,903 
203,730 
37,673 
10,507 
39 
34.5 
11 
68 
351 
14.9 
10.3 
181 
108.6 
.6 
309 
6.06 


10,723 

1,930,000 

5,651 

18,491 

191,733 

37,380 

10,393 

2S.3 

33.9 


342 

10.1 
180 
113.4 

.r.3 

317 

6.4 
a  70 


34.8 Coal 31.3 

18  ...Manufactures 22.4 

10.7...    Grain  and  Flour 10.3 


NEW  YORK,  NEW  HAVEN 
AND  HARTFORD. 


JusB  30, 1901. 


June  30, 1903. 


3 
4 
5 
15 

8 
9 
10 
11 
13 
1.3 
14 
ID 
16 

ir 

18 
10 
30 


7,616 
637,582 
3,063 
1,493 
84,435 
27,579 
J  12,973 
i35.5 
27.56 
7.34 
73.4 
208.13 
10.39 
7.55 
83.73 
133.843 
1.479 
319.902 
11.607 


8,458 
712,651 
3,375 
13,490 
89,164 
39,039 
413,658 
437.4 
27.23 
6.79 
75 
817.58 
10.65 
8 
84.25 
122.589 
1.455 
339.431 
13.103 


.  .Manufacturers 32.2 

.Anthracite  Coal 13.9 

.Bituminous  Coal 9.8 

Lumber 5.6 


no 


ANALYSIS    OF    RAILKOAD    REPORTS. 


Statistics   of   Physical   Condition. 


Xantf  of  Itailroad. 


Tcitr  entlinff . 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. 

3  Average  mileage  operated 

4  Mileage  balla^tcd 


5    Mileage  of  various  kinds  of  ballast.. 


G    Mileage  of  second  and  additional  main  track. 

7  Mileage  of  yards  and  sidings 

8  Number  of  ties  renewed  in  track,  per  mile  ... 


9    Mileage  of  various  weight  rails 


10  Number  of  Locomotives  owned,  per  mile 

1 1  Average  tractive  power  of  Locomotives pounds 

1-i  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile — 

a  Approximate. 


BUFFALO.  ROCHESTER  AND 
PITTSBURGH. 


ji-NB  30,  inoi. 


■ir-i 


18G 


Juke  30, 11102. 


at)* 

47^ 


SI 

aoo 


no  to  100  lbs.  per  yd. 


.375 

.39a 

10 

36,255 

37,580 

11 

31. JO 

3a.7S 

li 

58,040 

61,880 

13 

.167 

.167 

14 

BOSTON   AND   MAINE. 


June  3C,  inoi. 


618 

3,365 

a,357 


513 
1,187 

500 


June  30, 1003 


GI9 

3,306 

3,366 


533 

i,inG 

684 


0.5  to  100  11)8.  per  yd. 


.433 


.433 

10 
11 

7.63 

12 

a  50,000 

13 

.691 

14 

ANALYSIS   OP  RAILROAD   UKPORTS. 


Ill 


Statistics   of — Assets   and    Liabilities — Income   and    Expenses. 


A'anie  of  Itaiiroad. 


Tear  ending . 


ASSETS  AND  LIABILITIES. 

Slocks  outstanding,  per  mile 

Bonds  outstanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Euniinge 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 

INCOHE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  GrcBS  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile  

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  foi   Maintenance  of  Efjuipinent,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Eesen-e  Funds,  per  mile 


BUFFALO,  ROCHESTER  AND 
PITTSBURGH. 


JuuE  30,1001. 


SJ5,434 

28,3.^4 

3,130 

3,835 

33.'.! 
3,598 

i3,ri3 

990,183 

880,107 

1,389,807 

3,94.5 


13,353 
33 

r.,943 
50.3 

5,410 

1,309 
1,471 
31.7 

38.0 
3,977 
385 
34.3 
a  1,453 

11.8 


June  30, 1903. 


35,424 

39,411 

54,835 

3.120 

3,004 

3,83'y 

12,713 

913,318 

938,594 

1,303,349 

3,888 


13,375 
24.4 

7,695 
57.5 

5,680 

1,133 
1,770 
31.7 
37.7 
4.495 
297 
35.8 
a  1,404 

10.9 


BOSTON  AND  MAINE. 


June  30,  1901. 


9 
10 
11 
12 
13 

U 
15 
10 
IT 
IS 
19 
20 
81 

OO 

33 
S4 


88 
29 


11,250 
13,033 
24,373 
h  4,798 
3,618 

26.9 

3,702 

9,853 

7,714,792 

8,950,744 

1,565,165 

693 

84 

c  13,473 

55.7 
9,534 

'iO.II 
3,938 
(■430 
1,557 
1,604 
23.5 
31.1 
6.017 
356 

47.3 
749 
5.6 
97 


JtJNE  30,  1903. 


11,334 

13,334 

24,648 

b  4,004 

3,623 

358 

3,706 

9,938 

8,052,414 

8,713,301 

1,565,165 

691 

58 

c  14,055 

57 

9,903 

711.4.- 

4.15:! 

c  360 

1.759 

1,477 

23 

33.7 

0,339 

326 

49.5 
789 
5.0 
30 


a  After  deducting  $1,133  per  mile  for  betterments  In  1901  and  $1,336  per  mile  in  1903. 
ft  Book  value. 

c  A  slight  change  in  bookkeeping  methods  included  in  1903  some  of  the  niiscellaneous  income  in  gross  earnings  :  the  original  prcsintation  of  I9J1  earnings  is  here 
preserved.  " 


113 


ANALYSIS    OF   RAILROAD    REPORTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


Xatne  of'  Railroad. 


Year  ending. 


HAINTENANCE    EXPENSES. 

1  Mainteiiancu  of  Way  and  Structure,  per  ton  mile cents 

•J  Maintenance  of  Equipment,  per  ton  mile centp 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maiutenancc  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

0  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run — cents 

PASSENGER    TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

10  Average  number  of  i)assengers.  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 


BUFFALO,  ROCHESTER  AND 
PITTSBURGH. 


Jdne  30,  1901. 


.065 
.079 


a, 134 

73,797 

3,039 

7,093 

43,378 

3.5 
35 
10 
34.3 
70.93 
2.07 
80.89 
33.11 
96.9 


JtNE  30,  1902. 


.063 
.083 


2,339 

87,951 

1,944 

7,100 

43,418 

3.7 
43 
II. e 
39.45 
80.^8 
3.035 
100.32 
37.11 
83 


BOSTON  AND  MAINE. 


June  30,  1901. 


10 
II 
Vi 
13 
14 
15 
16 
17 
18 
19 


.332 
.181 
406 
40 
1,150 

1.3«9 
.409 
3.61 

17,057 

280,329 

4,726 

20,309 

29,649 

4.31 
S9.3 
13.8 
16.4 
28.913 
1.763 
117.43 
27.25 


June  30,  1902. 


.246 
.306 
431 

1,173 

1.451 
.461 
3.66 

16,695 

389,188 

4,730 

30,514 

29,697 

4.33 
61.1 
14.1 
17.3 
30.617 
1.764 
121.67 
28.1 


ANALYSIS    OF    RAILKOAD    REPORTS. 


113 


Statistics  of  Freight  Traffic. 


Nante  of  RaUrtHid , 

Tear  eudiiuj 

1  Number  of  revenue  tons  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  raUe 

4  Locomotive  mileage,  per  mile 

5  Freiglit  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

Vi    Average  revenue  tone,  per  freight  train 

13  Average  revenue  lone,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

1.5  Average  distance  of  haul,  per  ton  of  freight miles 

lU  Gross  earnings,  per  ton cents 

17  Groes  earnings,  per  ton,  per  mile  hauled centa 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile cents 

■^0  Percentage  of  freight  expenses  to  earning? — 

r 

21     Principal  articles  of  freight  and  percentage  of  tonnage  from  each  \ 

[ 

a  Report  not  clear  on  this  point. 


BUFFALO.  ROCHESTER  AND 
PITTSBURGH. 


Jl-NE  30,  VM\. 


14,345 

1,85.5,163 

4,574 


a  6,066 
a  16.6 
28.3 
19.8 
56.65 
.345 
31. (i 
13.3 
139.3 
70.65 
.546 
331.89 
8.33 
51.3 


June  30,  19Ci. 

14,691 

3,150,493 

5,077 

140,363 

a6,158 
nl6.9 
37.0 
11.9 
56.9 
353 
33.5 
13.8 
146.4 
73.9 
.505 
333.80 
8.1 
54.7 


8. . . .  Bitumiuoiis  Coal . . .  .67.1 
Other  tonnage  divereitied. 


9 
It) 
11 
12 
13 
14 
1.5 
10 
17 
18 
19 
30 


BOSTON   AND  MAINE 


June  30,  IflOl. 

7,761 

I        081,576 

3,367 

11,563 

70,334 

31,848 

a9,775 

a  36.8 

33.5 


Junk  30,  ItHM. 


8.98 
87.8 
98.565 

1.134 
239.62 
10.66 


8,034 

715,076 

3,530 

13.31G 

71,209 

32,134 

»  9,336 

«35.6 

33.3 


9 

89.1 

99.7 

1.119 

331.59 

10.39 


22.7 Coal 21.4 

12     Lumber 12.3 

Other  tounaire  divor.^ified. 


114 


ANALYSIS    OF   RAILROAD    REPORTS. 


Statistics  of  Physical  Condition. 


Name  of  Railroad. 


Tear  ending. 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock    — 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  various  kinds  of  ballast. 


6  Mileage  of  second,  third  and  fourth  main  tracks  . 

7  Mileage  of  yard  and  side  tracks 

8  Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails. 


10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

14  Number  of  Passenger  Cars  owned,  per  mile 

15  Aggregate  mileage  of  curved  track    

IG  Number  of  curves  in  track -   

17  Mileage  of  ascending  track 

18  Average  ascent  per  mile  of  ascending  track feet 


DELAWARE  AND  HUDSON. 


December  31, 1000.  December  31, 1901 


003 
06,5 
GG5 


661 

601 
661 


306 
387 


44  to  80  lbs.  per  yd. 


ia.59 

50,a80 

.60^ 


30.11 

58,540 

.014 
311 
1,387 
538 
35.7 


DELAWARE,LACKAWANNA  AND  WESTERN. 


December  31, 1900. 


10 
11 
12 
13 
II 
13 
10 
17 
18 


194 
947 
771 


517 

735 
641 


December  31, 1901 


194 
948 
771 


504 

739 
750 


CO  to  80  lbs.  per  yd. 


ANALYSIS  OF  KAILROAD   REPORTS. 


115 


Statistics  of — Assets   and    Liabilities — Income   and    Expenses. 


Name  of  Jiailroad. 


Tear  endinff  . 


ASSETS  AND  LIABILITIES. 

Stocks  oatptandiug,  per  mile. 

Bonds  outgtanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Cbari,'es,  inclading  TaKcs,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

7  Charges  ahead  of  Common  Stock,  per  mile 

8  Amount  of  Common  Stock  outstanding,  per  mile 

n    Tutal  Current  Assets 

10  Total  Current  Liabilities 

11  Total  Surplus 

12  Total  Surplus,  per  mile 

13  Reserve  Funds,  for  Betterments,  per  mile 


INCOME  AND  EXPENSES. 

14  Gross  Earnings,  per  mile 

15  Peicentage  of  Gross  Earnings  to  Capital 

IG  Expenses,  per  mile 

IV  Percentage  of  Expenses  to  Gross  Earnings 

18  Net  Earnings,  per  mile 

19  Additional  Miscellaneous  Income,  per  mile 

i3  Expenses  for  Maintenance  of  Way  and  Stracture,  per  mile 

~l  Expenses  for  Maintenance  of  Equipment,  per  mile 

32  Percentage  of  Gross  Earnings  for  Maintenance 

23  Percentage  of  Expenses  for  Maintenance 

21  Expenses  for  Conducting  Transportation,  per  mile 

25  General  Expenses,  per  mile 

2ri  Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

27  Surplus  Earnings,  per  mile 

28  Percentage  of  Gross  Earnings  for  Surplus 

29  Betterments  charged  to  Reserve  Funds,  per  mile 


DELAWARE  AND  HUDSON. 


DecembekSI,  19:^0, 


53,3!J0 
ll,a78 
63.598 

a  3,147 
4,764 

37.6 

4,764 

53,330 

6,499,999 

4,477,089 

S,4S9,409 

8,354 


17,373 

37 
8,738 

50.5 
8,543 
1,019 
1,.J19 
1,407 

17.1 

34.9 
5,540 
300 

33.3 
4,791 

37.7 


December  31,  1901 


93,414 
13.143 

0.5,557 

0  3,147 

4,891 

36.5 

4,891 

53,414 

6,869,383 

4,718,655 

6,318,164 

9,558 


18,439 

38 

9,397 

50.4 
9,133 
3,735 
1,803 
1,655 
18.7 
37.3 
5,639 
30.6 
31.6 
b  5,099 
37.6 


DELAWARE,  LACKAWANNA  AND  WESTERN 


DecE5iber3I,  inOO. 


DecembekSI,  1901. 


10 

11 

12 
13 

14 
15 
16 
17 
18 
19 
20 
21 
22 
23 
24 
25 
26 
27 
28 


33,983 

3,978 

37,960 

7,830 

8,101 

a9.9 

8,101 

33,983 

6,644,961 

5,486,511 

15,533,573 

30,134 


37.091 

71.4 

17,838 

65.8 

9,353 

3,389 

3,996 

3,600 

38 

43.6 

9,817 

433 

37.8 

3,541 

13 


33,9S3 

3,978 

37,960 

9,586 
8,339 

37.; 

8,339 

33,983 

6,337,184 

5,57  3,811 

16,719,637 

31,685 


30,489 

80.3 
17,608 

57.9 
13,831 
3,697 
4,385 
3,183 
34.5 
43.3 
9,694 
490 
33.4 
C  3,930 
l',i.8 


a  Par  value. 

b  After  deducting  for  sinking  fund  and  depreciation,  $1,806  per  mile. 

c  After  (leducting  $3,273  per  mile  for  betterments. 


116 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of  Maintenance  Expenses— Passenger  Traffic. 


Name  of  Hailroad . 


Tear  ending. 


MAINTENANCE    EXPENSES. 

Maintenance  of  Way  and  Structure,  per  ton  mile cents 


Maintenance  of  Equipment,  per  ton  raile cents 

Maintenance  of  Paetenger  Care,  per  car 

Maintenance  of  Freight  Care,  per  car 

Maintenance  of  Locomotives,  per  locomotive 

Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

Maintenance  of  Locomotives,  per  locomotive,  per  mile  run. . .  cents 
PASSENGER   TRAFFIC. 

Number  of  passengers  carried,  per  mile '. 7,447 

Passenger  miles,  per  mile 130,931 

Passenger  train  mileage,  per  mile 3,536 

Passenger  car  mileage,  per  mile - 1.3«G10 

Passenger  car  mileage,  per  car 27,043 

Average  number  of  cars,  per  passenger  train 4.43 

Average  number  of  passengers,  per  passenger  train 37.13 

Average  number  of  passengers,  per  car 8,4 

Average  distance  travelled,  per  passenger miles  17.58 

Gross  earnings,  per  passenger cents  40.49 

Gross  earnings,  per  passenger,  per  mile  travelled cents  2.31 

Gross  passenger  earnings,  per  train  mile cents  96.54 

Gross  pa>senger  earnings,  per  car  mile cents  31.81 

Percentage  of  passenger  expenses  to  earnings 

a  Maintenance  of  ordinary  freight  cars  was  about  $44  per  car.    Figures  given 


DELAWARE  AND  HUDSON. 


December  31, 1900. 


.087 
.084 
180 
a  31 
1,070 

.69 
a. 45 


DECEMBEE31,  1901. 


.093 
.085 

333 

a  33 

1,153 

.88 
0.47 


8,639 

145,033 

3,581 

10,978 

35,953 

4.74 
40.49 

8.5 

16.80 

37.88 

3.36 

103.77 

31.67 

include  coal  cars. 


DELAWARE,  LACKAWANNA  AND  WESTERN. 


December  31,  1900. 


Deceiubeb  31, 1901. 


10 

11 

12 

13 
11 
15 
IC 
IT 
18 
19 
20 
21 
22 


.110 
.141 


633 

31 

1,709 


18,714 

306,337 
7,039 


19.58 
39 

1.48 
96 


.151 
.113 


380 

35 

1,350 


19,489 

415,870 

7,364 


31.34 
30 

1.41 
99 


ANALYSIS   OF  RAILROAD   REPORTS. 


117 


Statistics  of    Freight   Traffic. 


Name  of  Railroad 

Tear  ending 

1  Number  of  revenue  tons  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomoti  ve  mileage,  per  mile ; . . 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freiglit  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tone,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car „ 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

10  Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  earnings 

r 

21  Principal  articles  of  freiglit  and  percentage  of  tonnage  from  eacb 


(I  Keport  not  clear  on  this  point. 
b  Approximate. 


DELAWARE  AND  HUDSON. 


December  31, 1900. 


1,733,687 
5,455 

133,iil8 

a  6,890 
a  19 
34.* 

7. 96 
66.4 
317.58 
19.33 
13. 
94.46 
74.57 

.789 
350.69 
10.38 


December  31, 1901, 


19,753 

1,938,65'i 

5,419 

139,539 

a  6,937 
«19 
35.71 
8.63 
67.5 
355.36 
30.8 
13.83 
97.6 
73.65 
,755 
368.16 
10.43 


r>4.3...Anlliiacite  Coal..  .57.9 
Other  tonnui^c  diversified. 


DELAWARE,  LACKAWANNA  AND  WESTERN. 


December  31, 1900. 


10 
11 
\-i 
13 

n 

15 
16 

ir 

18 
19 
20 


a  16,176 

a  3,445,033 

7,950 


151 
6  133.8 
b  .833 

S48 


December  31, 1901. 


a  18,104 

a  3,831,463 

8,108 


136 

6138.5 
b  .831 
379 


48.8... Anthracite  Coal... 53. 7     | 
13.6. Agricultural  Products.11.1 
Other  tonnage  diverfcified. 


118 


ANALYSIS    OF    RAILROAB    REPORTS. 


Statistics  of    Physical  Condition. 


ONTARIO  AND  WESTERN. 

ERIE. 

June  30, 1901.            June  30, 1902. 

June  30, 1901. 

June  30, 1902. 

3111                                 319 

1 

1,000 

1,04.> 

1 

2    Mileage  owneil,  leased  and  controlled  by  ownership  of  Stock 

480                                4S0 

3,318 

3,318 

3 

3    Average  mileage  operated 

480             1                    4«0 

3 

3,156 

3,154 

3 

1 

J 

3,883 
.  Gravel 

3,993 

4 

1 

f 

1,310  1 

1 
5  -1 

Cinder 

I,1U3  1 

358   *■ 

333  J 

5 

*■ 

J 

i 

Slag. 

Stone 

6    Mileage  of  eecond,  third  and  fourth  main  tracks 

(J 

734 

737 

6 

7    Mileage  of  yard  and  side  tracks 

193                                303 
440                                439 

9O....S0to  63  lbs.  perj-d....   90 

', 

1,354 
538 

1,3.54 
447 

7 

3 

63 67  lbs.  per  yd 63  1 

339 16  lbs.  per  yd 339  1 

1 
9  -, 

1 

C8  to  90  Ibf 

.per  yd. 

37 9.5  lbs.  per  yd 37  j 

i 

.393 

.3 

10 

.514 

.536 

10 

11    Average  tractive  power  of  Locomotives 

pound 

30,344 

37,014 

11 

34,0.34 

30,393 

11 

12    Ntimber  of  Freight  Cars  owned,  per  mile 

13.7 

13.03 

la 

33.51 

34.63 

12 

IS    Average  capacity  of  Freight  Cars          

pound 

58,300 

58,530 

13 

51,839 

53,939 

13 

14    Number  of  Passenger  Cars  owned,  per  mile 

.3 
1^377 
16,534 

.3 
1  3.54 

14 
]5 

.444 

.441 

14 

15 

IG    Aggregate  length  of  wooden  trestles 

fee 

10,330 

ii; 

10 

ANALYSIS   OF  RAILROAD   REPORTS. 


119 


Statistics    of — Assets    and    Liabilities— Income   and    Expenses. 


Xaine  of  Railroad . 


Year  cudiiitf.. 


ASSETS  AND  LIABILITIES. 

Stocks  oiitfctaiiding,  per  mile 

Bonds  outstaudiug,  per  mile 

Total  Slocks  and  iJonde,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  out  standing,  per  mile 

Total  Current  .\ssets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 

INCOnE  AND  EXPENSES. 

Grose  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile ... 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  ot  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance :, 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Kami ngs  for  Surplus 

Bettemieuts  charged  to  Reserve  Funds,  per  mile 


ONTARIO  AND  WESTERN. 


•  Jtnra  30, 190L 


131,081 

a  35,285 

156,366 

37,384 

3,545 

32.9 

2,545 

131,071 

1,899,395 

>  1,377,367 

5,069,400 

10,553 


11,089 

7.1 
7,570 

68.35 
3,510 
869 
1,583 
1,431 
37.18 
40 
4,363 
303 
41.17 
1,830 
10 


June  30, 1902. 


131,079 

((35,285 

156,364 

36,737 

2,400 

31.1 

2,400 

131,071 

3,303,333 

^(1,160,633 

5,763,237 

13,007 


11,357 

7 

8,359 

73.6 
3,998 
1,067 
1,803 
1,656 

30.18 

40.9 
4,643 
305 

43.53 
1,373 

13.1 


ERIE. 


June  30,  1901. 


s 

9 
10 
II 
12 
13 

14 
15 
16 
17 
IS 

in 

SO 
21 
22 
S3 
24 
25 
SC 
2T 
2» 
2'J 


81,758 

84,879 

166,607 

5,571 

4,837 

36.8 

6,022 

53,134 

7,765,996 

6,947,365 

6,278,030 

a, 913 


18,139 

10  9 
12,679 
69.9 
6,460 
094 
1,989 
3,809 
36.4 
37.9 
7,486 
395 
43.4 
1,309 
7.3 


June  30,  1902. 


81,834 

84,677 

166,511 

3,676 

5,249 

27,6 

6,435 

52,172 

7,497,548 

7,077,019 

8,419,615 

3,939 


18,988 

11.4 
13,604 

66.39 
6,384 
903 
1,848 
2,603 
33.4 
35.3 
7,089 
464 
42.9 
3,036 
10.7 


oin  addition,  Ontario  and  Western  has  borrowed  $5,825,000  ($12,135  per  mile),  secured  by  bonds  owned  as  investments.    The  amiKint  iu  1908  was  $5,523,000 

($11,510  per  mile). 
4  Including  liability  to  Manhattan  Trust  Company  for  rolling  stock  under  lease,  $482,000  in  1901  and  $456,000  in  1(02. 


130 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics   of   Maintenance— Passenger   Traffic. 


yame  of  SaUroad, 


Year  ending. 


MAINTENANCE  EXPENSES. 

Maintenance  of  Way  and  Structure,  per  ton  mile centB 

Maintenance  of  Equipment,  per  ton  mile cents 

Maintenance  of  Passenger  Cars,  per  car 

Maintenance  of  Freight  Cars,  per  car 

Maintenance  of  Locomotives,  per  locomotive 

Maintenance  of  Passenger  Care,  per  car,  per  mile  ran cents 

Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

Maintenance  of  Locomotives,  per  locomotive,  per  mile  run  —  cents 
PASSENGER  TRAFFIC. 

Number  of  passengers  carried,  per  mile 

Pa.^senger  miles,  per  mile 

Passenger  train  mileage,  per  mile 

Passenger  car  mileage,  per  mile 

Passenger  car  mileage,  per  car  

Average  number  of  cars,  per  passenger  train 

Average  number  of  passengers,  per  passenger  train 

Average  number  of  passengers,  per  car 

Average  distance  travelled,  per  passenger miles 

Gross  earnings,  per  passenger cents 

Gross  earnings,  per  passenger,  per  mile  travelled cents 

Gross  passenger  earnings,  per  train  mile cents 

Gross  passenger  earnings,  per  car  mile cents 

Percentage  of  passenger  expenses  to  earnings 


ONTARIO  AND  WESTERN. 


June  30,  1901. 


.147 
.133 
491 
60 
1,640 

1.81 

.85 

5.41 

3,734 

97,855 

1,845 

8,144 

27,047 

4.4 
52.7 
11.9 
35.57 
.65.16 
1.83 
91.16 
36.08 
74 


June  30, 1902. 


.165 
.138 
5G1 
59 
1,774 

3.022 
.895 
6.35 

3,888 

103,573 

1,876 

8,380 

37,743 

4.5 
55 
12.2 
35.87 
64.37 

1.795 
93.66 
30.81 
76.4 


ERIE. 


June  30,  1901. 


10 
11 
12 
13 
14 
13 
16 
17. 
18 
19 
30 
21 


.086 
.131 
636 
48 
2,154. 

1.47 
.556 
7.61 

7,982 

317,843 

3  822 

18,931 

42,604 

4  95 
56.99 
11.66 
37.39 
43.3 

1.55 
104.48 
31.1 


June  30,  190J. 


.084 
.118 
436 
32 
2,318 

.962 
.417 
8.77 

8,634 

243,584 

3,953 

r40,000 

45,295 

5.06 
61.63 
12.3 
38.2 
43.4 

1.539 
111.68 
32.1 


ANALYSIS  OF  RAILROAD   REPORTS. 


121 


5tatistics  of    Freight   Traffic. 


Kame  of  Railroad . 


Tear  ending.. 


Number  of  revenue  tous  carried,  per  mile 

Revenue  ton  miles,  per  mile 

Freiglit  train  mileage,  per  mile 

Locomotive  mileage,  per  mile 

Freight  car  mileage,  per  mile 

Locomotive  mileage,  per  locomotive 

Freight  car  mileage,  per  car 

Freight  car  mileage,  per  car,  per  day 

Average  number  of  all  freight  cars,  per  freight  train 

Average  number  of  empty  freight  cars,  per  freight  train .■ 

Percentage  of  loaded  car  mileage  to  total  car  mileage 

Average  revenue  tous,  per  freight  train 

Average  revenue  tony,  per  loaded  car 

Average  revenue  tons,  per  loaded  and  empty  car 

Average  distance  of  haul,  per  ton  of  freight miles 

Gross  earnings,  per  ton.   cents 

Gross  earnings,  per  ton,  per  mile  hauled cents 

Gross  freight  earnings,  per  train  mile cents 

Gross  freight  earnings,  per  car  mile cents 

Percentage  of  freight  expenses  to  earnings 


21     Principal  articles  of  freight  anrl  percenta.^e  of  tonnage  from  each 


ONTARIO  &  WESTERN. 


JuKB  30,  1901. 


7,310 

1,07.5,383 

4  4,375 

8,4G9 

87,S60 

31,430 

a  7,086 

a  19.1 

33.7 

8.39 
65 
390 
33 

13.34 
147.11 
131.08 

.837 
313.49 
8.9 
68 


JUNB  30,  1902. 


7,536 

1,138,738 

b  4,834 

9,048 

89,865 

30,159 

a  6,594 

0l8 

33.7 

8.94 
60.6 
385 

30.r 

13.56 
149.98 
130.64 

.804 
304.87 
9.03 
74.3 


ERIE. 


JuHB  30, 1901. 


June  30,  190S. 


8 
9 
10 
11 

la 

1.3 

u 

15 
10 

ir 

18 
19 
20 


31  -I 


13,059 
3,314,377 
c6,169 
14,045 
303,865 
38,307 
a  8,637 
a  33 
33.89 
10.68 
67.54 
373.16 
16.89 
11.4 
191.9 
113.64 

.587 
330.19 
6.696 


13,858 

3,308,143 

C  5,865 

14,168 

189,038 

36,433 

ci  7,675 

0  31 

33. 

10. 

68. 

376. 

17. 

11, 

171, 

109. 

338, 

7, 


,j3 

.05 

.7 

.73 

05 

,635 

.993 

.41 


3 
4 
5 
6 
7 
8 
9 
10 
11 
13 
13 
14 
15 
16 
11 
18 
19 
•20 


34     .\ntliracite  Coal 31.7 

16.8 Bituminous  Coal ....  1 8. 1 

17.1 Other  Minerals 16.9 


a  Report  not  clear  on  this  jjoint. 

b  Helping  engine  mileage  is  probably  iiiclujed  here,  but  not  in  the  statistics  dependent  upon  freight  train  mileage. 

c  Exclusive  of  helping  engine  mileage  which  amounted  to  812  in  1901  and  858  in  1902, 


122 


ANALYSIS    OF   RAILROAD    REPORTS. 


Statistics  of  Physical  Condition. 


^\tttiii'  iif  Jittii rofitt 


Tear  ending. 


1    Mileage  owned . . 

3  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. 

3  Average  mileage  operated 

4  Mileage  ballasted 


5    Mileage  of  various  kinds  of  ballast. 


fi    Mileage  of  second,  third  and  fourth  main  tracks  . 

7  Mileage  of  yard  and  side  tracks 

8  Number  of  ties  renewed  in  track,  per  mile 


9    Jlileage  of  various  weight  rails. 


10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

12  Number  of  Freight  Cars  owned,  per  mile.  . .  - 

J3  Average  capacity  of  Freight  Cars pounds 

11  Number  of  Passenger  Cars  owned,  per  mile 


»  READING. 


June  30, 1901. 


366 

i,4.5.-; 

1,000 


43a 

933 


June  30,  190S. 


366 
a, 145 

1,003 


438 
956 


5li  to  90  lbs.  per  yd. 


.srs 

17,4K0 

34. a 

54,740 

.S03 


.889 
»0,769 

37.77 
58,950 

.811 


CENTRAL  OF  NEW  JERSEY. 


December  31,  1900. 


5  -! 


10 

n 

13 

11 


154 

677 
C4SS 


337 
409 


Decemeeb.31.I901. 


1.j4 

677 
039 


337 

485 
497 


56  to  i^  lbs.  per  yd. 


.64 
17,313 

35.86 
50,969 

.734 


18,540 

36.! 
."■.6,800 


.JO'.t 

a  It  is  difficult  to  analyze  the  Readinj^  report  on  the  .'■ame  basis  as  llie  others.    The  mileage,  eiiriiings,  tic,  of  the  Philadelphia  and  Heading  lix.  are  used.    Net 


income  of  other  properties  is  tieated  as"  Mi.scellaneous  Income'', 


ANALYSIS   OF   RAILROAD   REPORTS. 


123 


Statistics  of — Assets   and    Liabilities — Income   and    Expenses. 


3'«»ie  of  ISatlroad. 


Tear  endxng  . 


ASSETS  AND  LIABILITIES. 

Stocks  outstandiii;,',  per  mile 

Bonds  outetandin;^,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Slocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earniogs. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Tul  al  Current  Assets 

Total  Current  Liabilities 

Total  Surplus 

Total  Surplus,  per  mile 

Reserve  Funds,  for  Betterments,  per  mile 


INCOME  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Uross  Eaniings  to  Capital 

Kspens^s,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile  

Perceutiige  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  anrl  General  Expenses. . 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


READING. 


June  ?.0,  1901.  Jitot;  ,30, 1902, 


140,000 
•J'4,91i 

a  1.51,104 
4  10,0U'i 

30.3 

liJ,89a 
70,000 

'jro,a83 

.579,896 

l,*<;j,901 

1,468 


!«7,6ir 

11.9 

15,743 

57 

11,874 

3,104 

$i,60ii 

3,476 

33 

38.6 

8,647 

1,019 

35 

(;!4,397 

8.3 


139,570 

98,680 

338,230 

a  130,433 

611,305 

38.5 

14,005 

69,785 

733,864 

893,916 

1,339,913 

1,336 


39,083 

13.3 
16,467 

56.6 
13.610 
3,530 
3,970 
3,333 
33.4 
39.5 
9,107 
857 
34.3 
c  1,939 

0.0 


CENTRAL  OF  NEW  JERSEY. 


December  .31,  IGOO.        ,  December  31, 1901. 


s 

9 
HI 
11 
Vi 
13 

II 
15 
16 

ir 

18 
19 
20 
21 
22 
23 
24 
25 
30 
27 
28 
29 


43,398 

7  3,364 

1  1  4,953 

41,370 

8,155 

37.3 

8,155 

43,38(5 

6,085,874 

4,958,338 

7,716,936 

13,030 


31,756 

1  8.9 
1  3,364 

36.4 
9,493 
3,738 
3,058 
3,705 
31.9 
38.8 
6,536 
980 
34.5 
4,080 
18.8 


43,898 

7  4, (■.97 

117,595 

40,913 

8,009 

30 

8,609 

43,898 

6,603,783 

5,397,111 

9,309,893 

14,663 

548 

33,935 

30..J 
ia,347 

51.1 
11,678 
3,t.78 
3,130 
3,589 
19.7 
38.5 
0,575 
951 
31.5 
3,045 
31.1 


28 


fl  Par  value. 

0  Sinking  Fund  charges  and  insurance  payments  are  here  included  in  fixed  charges,  although  not  so  included  in  the  annual  report. 

c  After  deducting  $2,589  per  mile  for  betterments  in  1901  and  $2,001  per  mile  in  1!I02. 


124 


ANALYSIS    OF    RAILROAD    REPORTS. 


Statistics  of  Maintenance— Passenger  Traffic, 


Xante  of  Railroad . 


Year  ending. 


MAINTENANCE   EXPENSES. 

3  Maintenance  of  Way  and  Structure,  per  ton  mile. cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Pa&seuger  Cars,  per  car 

4  Maintenance  of  Freight  Care,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive  *. . 

6  Maintenance  of  Passenger  Care,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run. . .  cents 

PASSENGER   TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  milcH,  per  mile 

11  Passenger  train  mileage,  per  mile.  

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

16  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

20  Gross  passenger  earnings,  per  train  mile cents 

21  Gro-'js  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 


READING. 


June  30,  1901. 


June  30,  1902. 


.093 

.103 

1 

.137 

.135 

'i 

400 

345 

3 

48 

38 

4 

1,459 

1,633 

5 

1.318 

1.137 

C 

.697 

.649 

7 

4.98 

3.84 

8 

aa,697 

34,913 

H 

384,387 

303,393 

10 

6,131 

6,149 

11 

34,363 

34,811 

J  3 

30,339 

30,609 

13 

4 

4.03 

14 

46.4 

49.73 

15 

11.6 

13 

16 

13.333 

13.358 

17 

30.06 

19.33 

18 

1.003 

1.393 

19 

84.08 

89.65 

iO 

31.03 

33.33 

21 
23 

CENTRAL  OF  NEW  JERSEY. 


Decehbeb  81,  1900. 


.104 
.137 
335 
48 
1,395 

1.177 
.814 
5.41 

31,668 

371,941 

5,464 

30,653 

38,513 

3.78 
49.7T 
13.17 
13.55 
18 .469 
1.473 
81.334 
31.531 


December  31,  19(11. 


.098 
.119 
463 
37 
1,334 

1.646 
.633 
5.81 

33,330 

374,661 

5,135 

19,876 

38,037 

3.85 
53.48 
13.89 
13.36 
18.331 
1.483 
88.376 
33.806 


ANALYSIS  OF  RAILROAD  REPORTS. 


123 


Statistics   of   Freight  Traffic. 


yaine  of  Railroad, 


Year  ending. 


Number  of  revenue  tons  carried,  per  mile  

Revenue  Ion  miles,  per  mile 

Freight  train  mileage,  per  mile 

Locomotive  mileage,  per  mile 

Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  care,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

lit    Average  revenue  tons,  per  freight  train  — 

13  Average  revenue  tons,  per  loaded  car ". 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Grose  earnings,  per  ton cents 

i;    Gross  earnings,  per  ton,  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile ceuts 

30    Percentage  of  freight  expenses  to  earnings 


21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each  ■ 


READING. 


Jtrm  30,  1901.  June  30,  1902. 


30,077 

3,739,971 

10,863 

2.>,697 

83.5,523 

39,368 

a  6,886 

a  19 

31.7 


351.3 


11.6 
91 

74.71 

.83 

206.77 

9.53 


31,871 

2,835,303 

10,050 

35,157 

333,394 

38,388 

a  5,889 

((16.1 

83.1 


382.1 


18.8 
89 

73.97 

.83 

334.53 

10.61 


35     ...  .Anthracite  Coal. 
16.7 Biluuiin.ius  Coal 


39.6 
19 


CENTRAL  OF  NEW  JERSEY. 


Decembei.  31, 1900. 


3 
4 

j^ 

ti 
7 
8 
9 
10 
11 
13 
13 
14 
15 

:c 

17 
18 
19 
20 


35,38S 
1,973,139 
6  4,790 
15,336 
153,359 
33,940 
a5,891 
a  16.1 
31.8 
13.5 
60.6 
411.7 
31.4 
13.9 
7  7.9 
67.834 
.871 
358.6 
11.874 


Decbmeek  31,  1901. 


87,638 
2,183,59* 
6  4,637 
15,059 
160,219 
32,800 
(15,962 
a  16.3 
34.5 
13.6 
60.6 
470.9 
33.5 
13.6 
79.3 
69.918 
.882 
415.2 
13.018 


(/  Report  not  clear  on  this  point. 

b  Kxclusive  of  helping  engine  mileage  amounting  to  36.5  in  1900  and  314  in  IfiOl.    Also  exclusive  of  light 
and  should  be  so  included  according  lo  the  Interstate  Commerce  Commission's  methods,  amounting 


mileage,  which  is  usually  included  in  freight  train  nn'leage 
to  6.50  in  1900  and  024  in  1901. 


126 


ANALYSIS    OF    IJAILKOAD    REPORTS. 


Statistics  of    Physical  Condition. 


Na^ne  of  ItaHroad. . 


Year  ending  . 


1  Mileage  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock, 

3  Average  mileage  operated 

4  Jlileage  ballasted 


5    Mileayic  of  various  kinds  of  buUast. 


6  Mileage  of  eecond,  thiid  and  fourth  main  tracks. 

7  Mileage  of  yard  and  side  tracks 

8  Number  of  tica  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails 


10  Number  of  Locomotives  owned,  per  mile .418 

11  Average  tractive  power  of  Locomotives pounds  14,579 

12  Number  of  Freight  Cars  owned,  per  mile 3.074 

13  Average  capacity  of  Freight  Cars pounds  47,4l-*» 

!4    Wnmber  of  Passenger  Cars  owned,  per  mile 1.41 

a  Lehigh  Valley's  fiscal  year  now  ends  on  June  "(> ;  the  first  annual  report  under  the  new  arrangement  is  here  analyz:"!. 


LONG   ISLAND. 


June  30,  Will. 


June30,  1U03. 


384 

•.Vii 
3S0 
39-4 


!S35 Cinders. 

137 Gravel.. 


aao 
3;i6 

396 
390 


110 
144 
4S4 


110 
144 


.50  to  100  lbs.  per  yd. 


J 
.447 
10,547 

■J.91 

47,4-i8 

1.7 


LEHIGH  VALLEY. 


NOVE.-UEER  30,  1900. 


0  \ 


10 

11 

12 
13 
II 


980 
1,398 
1,38a 


591 
918 


November  30, 1901, 


980 
1,399 
1,38a 


39a 
938 


ft  June  30,  1902. 


.58  to  100  lbs.  per  yd 


.535 

aa.aei 

a.5.393 
57,70a 

.34 


!43,39.3 

a5.1!47 
57,799 

.399 


980 
1,400 

i,:js7 


5!)a 

94a 


J 

..■joa 
a3,!iii 

a4.9S 
58,353 

.341 


ANALYSIS   OF  RAILROAD   REPORTS. 


127 


Statistics    of — Assets    and    Liabilities — Income   and    Expenses. 


yame  of  Jiailroad. 


Year  ending. 


ASSETS  AND  LIABILITIES. 

Stocks  oulbtamling,  per  mile 

Bonds  outstandiQg,  per  mile 

Total  Stocks  ana  Bonda,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges^,  including  Tasee,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus  

Total  Surplus,  per  mile 

Reserve  Funds,  for  Bcttcrmeuts.  per  mile 

INCOHE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Ptrcentage  of  Expenses  to  Gross  Earnings 

Net  Ear»iings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance.  

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. . 

Surplus  Earnings,  per  mile 

percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


LONG  ISLAND. 


June  30,  1901. 


June  30,  1003. 


.•J1.508 

a  69,578 

a  101,086 

7,896 

3,778 

S9.6 

3,778 

31.508 

1,099,636 

1,585,759 

4907,450 

e.  3.388 

533 

13,796 
14.5 
9,355 

73.3 

3,541 

753 

1,634 

1,330 

31 

6,049 

341 

50 

c515 

4 

356 


30,303 

rt«8.958 

a  99,301 

8,133 

3,941 

36.5 

3,941 

30,303 

1,413,949 

3,441,651 

4918,315 

4  3.319 

1,489 

14,858 

15 

10,383 

09.88 
4,475 
840 
1,793 
1,353 
31.3 
30.3 
6,881 
356 
48.7 
(1,374 

9.3 
396 


LEHIGH  VALLEY. 


November  30,  1900. 


1 
13 

14 
1.5 
10 
17 
18 
19 
30 
31 
33 
33 
34 


28 
29 


1 

39,363 

2 

35,854 

3 

63,117 

4 

(i  11,704 

5 

5,033 

6 

31 

7 

5,033 

8 

39,363 

9 

5,004,534 

0 

7,334,335 

1 

41,910,585 

2 

4  1.383 

16,678 
38 
13,933 
83.5 
8,755 
764 
3,794 
3,439 
37.3 
46.4 
7,171 
530 
46.3 
41,503 
49 


November  30, 1901. 

June  30,  1002. 

39,363 

39,157 

38.909 

38.818 

68.173 

67,975 

f?  13,045 

(?  13,203 

5,170 

5,070 

30.8 

39 

3,170 

5,070 

39,363 

39,157 

6,333,378 

4,943,353 

0.118,380 

5,937,348 

41,357.334 

43,373.147 

4  910 

4  3,431 

19,310 

17,497 

36 

35.8 

14,533 

14,166 

75.21 

80.97 

4,787 

3,330 

800 

778 

3,350 

3,340 

3,478 

3,713 

34.8 

40.31 

44.7 

49.8 

7,369 

6,583 

519 

533 

40.3 

40.GC 

416 

4  901 

o 

4  5.5 

aTncludes  outstanding  securities  of  leasehold  estates,  amounting  to  $13,021  per  mile  in  I'JOI  and  $13,495  per  mile  in  1902. 

6  Deficit. 

cTransferreil  to  reserve  fund  for  bi-tterments. 

(2  Book  value. 


128 


ANALYSIS    OP    RAILROAD    REPORTS. 


Statistics   of    Maintenance  — Passenger   Traffic, 


Xante  of  Jioilroad . 


Year  ending. 


MAINTENANCE  EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  ton  mile cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomolives,  per  locomotive 

fi  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  JIaintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

H  Maintenance  of  Locomotives,  per  locomotive,  per  raile  run cents 

PASSENGER  TRAFFIC. 

9  Numher  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

1 1  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car  

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

IG  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger miles 

18  Grose  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled ,  cents 

30  Gross  passenger  earnings,  per  train  mile cents 

21  Grogs  passenger  earnings,  per  car  mile cents 

52  Percentage  of  passenger  expenses  to  earnings 


LONG  ISLAND. 


June  30,  1901. 

JlWE  30,  190J. 

« 
1.46d 

1.39T 

1.105 

1.053 

836 

S39 

71 

74 

1,ID0 

1,316 

l.OOS 

1.31 

4.3S4 

38,184 

523,770 

8,103 

87,331 

83,550 

3.37 
64.53 
19.1 
13.69 
18.3 
1.339 
110.6 
33.8 


41,949 

607,818 

9,004 


67.00 


14.49 
80.5 
1.413 
11G.9 


LEHIGH  VALLEY. 


NOTEMEEK   30,   woo.  NOTEMBEB30,  1001.         JnNE  30,  190?. 


0 
10 
11 
12 

13 
14 

15 
10 
17 
IS 
l!l 

ao 

21 


.  .118 
.145 
631 
67 
3,509 

1.515 
.879 
7.4 

3,414 

115,595 

3,134 

14,155 

38,573 

4.51 

39.9 

8.8 

33.86 

68.73 

1.852 
77.545 
17.178 


.118 
.130 
790 
61 
8,834 

1.767 
.741 
8.53 

3,307 

150,403 

3,333 

15,596 

39,716 

4.88 
49.8 
10.03 
46.9 
88.03 

1.749 
91.055 
18.873 


.135 
.151 


769 

03 

3,589 


3,106 

150,343 

3,093 

l.'-.,089 

38,365 

4.88 
53 
10.7 
48.4 
85.06 

1.757 
97.38 
19.93 


I 


ANALYSIS   OF   RAILROAD   REPORTS. 


129 


Statistics  of    Freight   Traffic. 


Xante  of  Railroad. 


Tear  ending.. 


1  Number  of  revenue  Ions  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

Freight  train  mileage,  per  mile 

Locomotive  mileage,  per  mile 

Freight  car  mileage,  per  mile 

Locomotive  mileage,  per  locomotive 

Freight  car  mileage,  per  car .^ 

8    Freight  car  mileage,  per  car,  per  day 

0    Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

13    Average  revenue  tons,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton .   cents 

17  Gross  earnings,  per  ton,  per  mile  haoled cents 

19  Gross  freight  earnings,  per  train  mile cents 

ID    Gross  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  earnings 


31    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


a  Report  not  clear  on  this  point. 

1/  Average  of  all  cars  used  on  system,  including  foreign  cars. 

c  Exclusive  of  helping  engine  mileage,  which  amouDted  to  9til  in  1900,  600  in  1901  and  495  in  1902. 


LONG 

SLAND. 

LEHIGH  VALLEY. 

June  30,  1901. 

June  30,  1902. 

November  30, 1900. 

November  30, 1901. 

J  ONE  30,  1902. 

4,330 

4,914 

1 

13,613 

14,331 

13,104 

111,308 

138,440 

■i 

3,373,096 

3,753,883 

3,464,533 

986 

1,067 

3 

C  5,549 

<;  5,889 

C  5,380 

11,777 

4 

13,635 

13,654 

13,031 

I7,i9i; 

17,900 

5 

193,390 

307,763 

188,339 

38,175 

33,900 

3.1,341 

31,480 

6  8,753 

a  5,594 

a  6,151 

7 

b  8,639 

&  9,511 

015.3 

a  16.9 

rt 

J  83.04 

!>  36.00 

b  33.08 

17.44 

16.87 

it 

34.94 

35.4 

35.G7 

5.73 

5.48 

10 

11.97 

11.75 

11.63 

66.1 

67.5 

11 

65.7 

66.8 

07.4 

113.78 

130.38 

I-.' 

438 

467.03 

466.83 

9.63 

10.57 

13 

18.61 

19.77 

19.43 

6.46 

7.14 

U 

13 

13.3 

13.1 

35.74 

ii6.14 

15 

188 

193.10 

188.11 

84.1 

83.5 

10 

101.S7 

104.33 

104.3 

3.367 

3.158 

17 

.543 

.543 

.554 

368.4 

380 

18 

331.563 

353.613 

358.83 

3i.ia 

83.53 

19 

6.645 

7.189 

7.359 

34.8 

35.4 

20 

34.7 Coa 

18.3  Manufac 

39.1 

turea 39.3    ■ 

diversified 

J 

f 

1 
21    < 

[ 

44.5 Anthracite  Coal 48.3. 

13.6 .Grain  and  Flour 13.1 . 

10.8  Manufactures 11.4. 

43.1 

10.6 

13.3    i 

.   . .    Other  tonnage 

6.4 Bituminous  Coal  5.5. 

7       J 

130 


ANALYSIS    OF    RAILROA.D    KEP0UT8. 


Statistics  of  Physical  Condition. 


NORFOLK  AND  WESTERN. 

CHESAPEAKE  AND  OHIO. 

June  30,  KOI. 

June  .30,  1902. 

J 

UNE  30,  ISOI.                    June  30.  iniH. 

1,563 

1,685 

1 

2 
3 
4 

1 

5  ; 

c 

7 

f 

i 

i 
10 

11 
u 

13 
11 

878 
1,563 
1.607 
1,331 

936 
1,637 
1,018 
1.419 

1 

-2    Milc:igc  owned,  leasod  and  controlled  by  ownerehip 

of  Stock 

1,507 
a  1,500 

1,685 
1.677 

3 

4    Milca"c  ballasted         

1,289                            1,393 

■j 

535 iFull  ballast 573  i 

764 Parti:il  Iwllnst 830 

83                                 105 
498                                334 
563                                463 

4 

926 Stone  and  slaj 997  1 

208                     Cinder                     2.'i7  I 

t 

128 Gravel 131  j 

129            1                    14!) 

I'l 

('    Mileage  uf  yard  and  side  tracks 

651 
531 

509 

r,  1 .1 

1)    Mileage  of  various  weight  rails 

r 
■{ 

i 

434 56  lbs. 

420 C71bs. 

150 75  lbs. 

385 S51bs. 

.303 

per  yd 479] 

per  yd 361 

per  yd 169  i 

per  yd 471 J 

.209 

209 G3  lbs.  per  yd 2001 

115 TO  lbs.  per  .yd 133 

830 75  lbs.  per  yd 869  | 

•iOl   inolbs.  per  yd 383  1 

.207                              .365 
34,089                         24.305 

9 
10 

34,385 

13.63 
59,497 

.153 

24,667 

13.71 
60,800 

.148 

11 

13.43 
01,800 

.153 

18.1 
04,000 

.149 

12 

13  Average  capacity  of  Freight  Cars 

14  Number  of  Passenger  Cars  cwned.  per  mile 

pounds 

13 

11 

ain  the  1002  report  the  1901  figures  are,  for  comparison,  altered  to  inchule  mileage  of  1'.103.     The  statistics  here  i^iven  aie  not  thus  changi.<l,  but  pre?*ent  actu:il  results. 
b  Slag,  cinder  anil  gravel  ballast. 


ANALYSIS    OF    RAILROAD    REPORTS. 
Statistics  of — Assets  and   Liabilities — Income  and   Expenses. 


131 


yauie  of  Railroad.. 


Tear  endinff . 


ASSETS  AND  LIABILITIES. 

Stocks  outstanding,  per  mile 

Bonds  outstanding,  per  mile 

Total  Slocks  and  Bonds,  per  mile  

Viirious  .Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. . 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus , :. 

Total  Surplus,  per  mile 

Keserve  Fund.",  for  Betterments,  per  mile  


NORFOLK  AND  WESTERN. 


June  30,  130L  June  30,  1908. 


o5,909 

3-i,'i3S 

88,147 

1,-546 

1,704 

10.8 
!J,388 
41.3^6 
a,046,36:i 

a,aa'j,935 

a,G33,471 

1,688 
!i,3S7 


53,011 

a  31,09.1 

83,706 

891 

1,683 

16.1 

3,!«35 

38,443 

3,394,083 

3,363,706 

»,8I5,.')46 

1,679 

3,301 


INCOME  AND  EXPENSES. 

Gross  Earnings,  per  mile 10,119                     10,466  H                  10,300  10,313 

Percentage  of  Ci^oss  Earniugs  to  Capital 11-5                           13..>  15                           11  13..'i        15 

Expenses,  per  mile 5,794                        5,774  IG                     6,348  6,437  16 

Percentage  of  Expenses  to  Gross  Earnings 57.35                        55.3  17                          63. 3  63.9        ir 

Net  Earnings,  per  mile ; 4,335                        4,693  18  i               3,853  '               3,786            IS 

Additional  Miscellaneous  Income,  per  mile •*4                              45  19  I                     99  84            19 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 1,366                         1,371  30  I               1,473  1.345            20 

Expenses  for  Slaintenance  of  Equipment,  per  mile 1,490                        1,393  21  1                1,495  i               1.703            31 

Percentage  of  Gross  Earnings  for  Maintenance 37.3                            35.4  32                             39  39.9 

Percentage  cf  Expenses  for  Maintenance 47.6                           46.1  'Iti                          46.7  47,4        23 

Expenses  for  Conducting  Transportation,  per  mile 3,833                        3,894  24                     3,315  3,300  21 

General  Expenses,  per  mile 306                            318  35                         166  159 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses 30                              39.7  2G                           33  33  26 

Surplus  Earnings,  per  mile S  1,533                       i  1,430  2T                       <i  403  (i  383  27 

Percentage  of  Grose  Earnings  for  Surplus 1.5,1                           13,6  28                             3,9  3,8        28 

Betterments  charged  to  Reserve  Funds,  per  mile no  1,333  39  1     29 

a  Norfolk  and  Western  and  the  Pocahontas  Coal  and  Coke  Company  are  jointly  and  severally  I'alile  for  jaVioO,(}iiO  foni  i>cr  i-eni.  Ijomls,  but  the  ilcM  if  to  lie  ]iaid 
by  the  latter  company,  and  appears  on  its  balance  sheet. 

4  After  deducting  for  bettermcnis,  gl,U2  per  mile  in  1901  and  $1,635  pcrmile  in  1902. 

C  Cost  to  company. 

d  After  deducting  S925  per  mile  for  bettermenls  in  1901  and  $890  per  mile  in  1902. 

e  Chesapeake  and  Ohio  is  also  liable  for  additional  guaranteed  bonds  anionn'.ing  to  $4,232  per  mile. 


CHESAPEAKE  AND  OHIO. 


June  80,  1901. 


9 
10 
11 
13 
13 


40,174 

53,740 

93,914 

c  11,383 

3,634 

35.7 

3,634 

40,165 

1,907,760 

3,897,051 

1,083,335 

705 

74 


Jdne  30,  1902. 


37,417 

e  44,383 

81,700 

c  13,773 

3,597 

35.4 

3,597 

37,410 

3,013,873 

3,349,100 

1,063,335 

657 

354 


132 


ANALYSIS  OF  RAILROAD   REPORTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


Naine  of  Jiaitroad 

Year  endinff, 

HAINTENANCE  EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  ton  mile cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freight  Care,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

G  Maintenance  of  Passenger  Care,  per  car,  per  mile  run cents 

7  Maintenance  of  Freiglit  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run ....  cents 

PASSENGER    TRAFFIC. 

9  Number  of  passengers  carried,  i)er  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

13  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  per  passenger  train 

16  Average  number  of  passengers,  per  car 

17  Average  distance  traveled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  traveled cents 

•JO  Gross  passenger  earnings,  per  train  mile cents 

•21  Gross  passenger  earnings,  per  car  mile cents 

32  Percentage  of  passenger  expenses  to  earnings 


NORFOLK  AND  WESTERN. 


June  80,  laoi. 


.009 
.081 

38 
1,G45 

1.137 

.367 

0.(188 

1,443 

55,103 

1,391 

7,-i-iS 
4(»,10l 

r,.i 
39.r. 

7.0 
.38.  a 
90.0 

3.3MI 
lia.93 

ai.73'.t 

58.G 


June  SO,  1902. 


.U(>8 

1 

.074 

2 

411 

3 

38 

4 

1,46» 

5 

.8!J5 

6 

.315 

7 

5.09 

8 

1,509 

9 

00,391 

10 

1,4.56 

11 

7,36.'-. 

12 

49,805 

13 

5.1 

14 

41.47 

l.^ 

8.1 

Ifi 

38.5 

IT 

90.49 

18 

3.35 

10 

115.4 

20 

!ja.63 

21 

50.05 

22 

CHESAPEAKE  AND  OHIO. 


June  SO,  1901. 


.073 
.074 
743 
53 
1,441 

1.1S7 
.464 
3.89 

1,746 

94,580 
1,854 

9,55.5 
03,607 

5.15 
51 

54 
107 

1.984 
130 

33.440 


June  30,  1902. 


.068 
.086 
744 
70 
1,636 

1.313 
.673 
3.76 

1,664 

90,343 

1,904 

9,313 

01,346 

4.84 
47 

9.9 
54.33 
110 

3.033 
115 
33.70 


ANALYSIS   OF  RAILROAD   REPORTS. 


133 


Statistics    of    Freight   Traffic. 


Natne  of  Railroad 

Year  ending 

1  Number  of  revenue  tone  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

G  Locomotive  mileage,  per  locomotive. 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

18    Average  revenue  tons,  per  freight  train 

13  Average  revenue  tons,  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

16  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton.  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Gross  freight  earnings,  per  car  mile , cents 

20  Percentage  of  freight  expenses  to  earnings 

r 

21  Principal  urticleB  of  freight  and  percentage  of  tonnage  from  earh  | 

I 

a  Report  not  cJear  ou  this  point. 


NORFOLK  AND   WESTERN. 


J0NE  30, 1901. 


r>,940 

1,S36,135 

3,985 

137,395 
34,597 
13,483 
34.3 
34.46 
13.03 
63.3 
461 
fii.S 
13.4 
364.31 
131.94 

.461 
313.58 

6.ir 

60 


JuHB  30, 1902. 


7,316 
1,879,494 
3,951 
8,433 
131,539 
38,167 
13,063 
33.5 
33.39 
13.11 
63.6 
476 
33.5 
14.3 
356.93 
118.96 

.463 
330.38 
6.63 
58.8 


58.BtlumiiionsCoaI  and  Coke. 57. .3 
Other  tonuage  diversified. 


CHESAPEAKE  AND  OHIO. 


June  30, 1901. 


3 
4 

.') 
G 

9 
10 
11 
13 
IS 
14 
15 
16 
17 
13 
19 
SO 


6,730 
3.035,306 
3,963 
8,.59» 
137,553 
41,530 
aH,198 
030.7 
34.7 
11.9 
65.5 
511 
33.5 
14.7 
301 
117 

.388 
108.4 
5.713 


JCNE  30, 1902. 


6,738 
1,973,763 
3,875 
8,430 
135,445 
43,336 
al  0,398 
a38.5 
33.4 
10.9 
66.4 
509 
33.7 
15.7 
393 
117.7 

.403 
304.6 
6.31 


53,6  Bituminous  Coal  and  Col<e  54.5 

lO.C Lumber 9.6 

7.3 Grain  and  Flour 5.7 


134 


ANALYSIS    OP    RAILROAD    REPORTS. 


Statistics   of   Physical    Condition. 


Xatne  of  Railroad, 


Xear  endinff . 


1  Milcasrc  owned 

2  Mileage  owned,  leased  and  controlled  by  ownership  of  Stock. 

3  Average  milea«:e  operated 

4  Mileage  ballasted 


Mileajie  nf  varioiip  kinds  of  ballast.. 


Milage  of  second  and  additional  main  track. 

Mileage  of  yards  and  sidings 

Numbo'-  nf  ties  lenewed  in  track,  per  mile  . . . 


9    Mileage  of  various  weight  rails  , 


\0  Number  of  Locomolives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

]J  Number  of  Freight  Cars  owned,  per  mile 

13  Average  capacity  of  Freight  Cars pounds 

II  Number  of  Passenger  Cars  owned,  per  mile 


SOUTHERN. 


June  30,  1901. 


4,3G0 
0,739 

00,435 
a,G81 


June  80, 1902. 


4r,3G5 

o.roe 

0,J44 
3,130 


1,105 Gravel 1,110   | 

ooa Stone  and  Slag  ...    884  i 

483 Stone 799  I 

J 

ae  37 

1,393  1,459 

337  380 

3,014       ..56  lbs.  per  yd 3,508  1 

1,788...00— ejlhs.  per  yd... 1,743 

555 75  lbs.  peryd 597 

743 80  lbs.  peryd.    ...    900 


.134 

34,878 

4.30 
5J,010 

.111 


.139 
35,478 

5.14 
54,007 

.119 


LOUISVILLE  AND  NASHVILLE. 


JuNB  30,  1901. 


10 
U 
13 
13 

14 


3,305 
5,334 
3,109 
3,349 


June  30, 1902. 


3,450 
5,543 
3,337 


0.30 . , 
1,739. 


. .  Ij  Full  ballast 
.^Partial  ballast. 

50 

703  I 

380  I      


Gl 

778 


l,170..38!-i  lbs.  per  yd. 

1,377.... 70 lbs.  per  yd.. 

301    ..  sn  lbs.  per  yd.. 


.173 
31,894 

7.407 
54.588 

.144 


(I  Excluding  the  St.  Louis  division,  which  was  operated  for  but  six  months  of  the  year. 

b  Rock,  gravel  and  slag  ballast. 

c  The  majority  of  the  facts  left  blank  only  for  1902  were  supplied  for  I'.iOl  by  letters  from  an  oilicial  of  the  Company. 


.173 


ANALYSIS  OF   KAILROAD   REPORTS. 


135 


Statistics   of — Assets   and    Liabilities — Income   and    Expenses. 


ynnie  of  Maiiroad . 


Tear  ending . 


ASSETS  AND  LIABILITIES. 

Stocks  outstanding,  per  mile r. 

Bonds  outstaiidino;,  per  mile 

Total  Slocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges  including  Taxes,  per  mile 

6  Percentage  of  Fixed  Cbarges  and  Taxes  to  Earnings 

7  Charges  ahead  of  Common  Stock,  per  mile 

8  Amount  of  Common  .Stock  outstanding,  per  mile 

9  Total  Current  Assets 

;0    Total  Current  Liabilities 

II    Total  Surplus , 

VZ    Total  Surplus,  per  mile 

13    Reserve  Funds,  for  Betterments,  per  mile 


INCOnE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  ^liscellancous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  .^tincture,  per  mile 

ExpensL^s  foi    Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile . 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

Siirphin  Earnings,  per  mile 

I'ereentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


SOUTHERN. 


JrnrE  30,1901. 


28,021 

25,438 

53,449 

3,891 

1,389 

21 

1,588 

18,680 

053,074 

959,553 

637,353 

721 

103 


5,330 

9.7 
3,497 

66.8 
1,733 
a  106 
846 
764 
30.  S 
46 
1,714 
173 
36 
551 
10.5 


JtmE  30. 1903 


20,693 

34,733 

51,435 

3,203 

1,379 

34.6 

1,839 

17,795 

6,894,163 

7,784,076 

6,510,895 

965 

94 


5,5 


592 
10.3 
3,801 

67.7 
1,791 
122 
855 
83K 
30.3 
44.5 
1,919 
189 

37.0 
534 
9.5 


LOUISVILLE  AND  NASHVILLE. 


June  30,  1901. 


8 
9 
10 
11 
12 
13 


U 

K 
16 
17 

18 
19 
30 


23 
24 


28 
29 


17,355 

38,489 

45,844 

3,657 

1,9G0 

32.: 

1,960 

17,355 

0,975,838 

6,304,233 

5,844,047 

1.844 

95 


,843 

19.3 
.753 

C5.1 
,089 
231 
,374 
,361 

30 

46 
,859 
359 

35.3 
,351 

15.2 
303 


June  30, 1902. 


18,009 
36,933 
44,943 

3,522 
1,839 

19.8 

1,829 

18,009 

0,519,358 

8,845,149 

7,723,082 

3,021 

101 


9,333 

30.6 
6,383 

68.1 

3,949 

301 

1,3S3 

1,335 

39.2 

43.9 
3,306 
319 

38. 8 
1,420 

15.4 
483 


u  Net  earnings  of  the  St.  Louis  ilivision  for  the  six  months  operated  are  here  included  iu 
not  included  with  the  Southern  liailway  earnings  until  1903. 


'  Miscellaneous  Income  "  ;  the  gross  earnings,  ezpenscs  and  net  earnings  are 


136 


ANALYSIS    OF   RAILROAD    REPORTS. 


Statistics  of  Maintenance  Expenses — Passenger  Traffic. 


Same  of  Railroad. 


Tear  ending. 


HAINTENANCE    EXPENSES. 

1  Maintenance  cf  Way  and  Striiclui-e,  per  ton  mile cents 

2  Maintenance  of  Equipment,  per  ton  mile cent? 

3  Maintenance  of  Passenger  Cars,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  M  aintenance  of  Locomotives,  per  locomotive 

G  Maintenance  of  Passenger  Cars,  per  cai",  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car.  per  mile  run cents 

8  Maintenance  of  Lecomotives,  per  locomotive,  per  mile  run cents 

PASSENGER    TRAFFIC. 

9  r< umber  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

I'i  Passenger  car  mileage,  per  mile ... 

13  Passenger  cur  mileage,  per  car 

1 1  .\vcragc  number  of  cars,  per  passenger  train 

1.5  Average  number  of  passengers,  per  passenger  train 

10  Average  number  of  passengers,  per  car 

17  Average  distance  travelled,  per  passenger mites 

IS  Gross  earnings,  per  i)assengcr cent! 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

30  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

33  Percentage  of  passenger  expenses  to  earnings 

«  The  apparent  discrepancy  in  these  items  ia  due  to  a  laclc  of 


SOUTHERN. 


June  30,  1901. 


.333 
.309 
871 
65 
a,039 

1.38 
1.11 
5.57 

1,157 

57,663 

1,57» 

8,316 

66,985 

5.08 
.15.61 

7.1 

49.81 

115.85 

3.33 

105.5 

80.77 


JcNB  30,  1908. 


.315 
.311 
931 
116 
1,935 

1.36 
1.31 
5.63 

1,377 

63,443 

1,740 

8,706 

73,873 

5.06 
36.45 

7.3 

49.69 

111.50 

2.244 
104.208 
20.59 


LOUISVILLE  AND  NASHVILLE. 


JuNB  30,  1901. 


n 

10 

n 
li 

13 
14 
1.0 
10 

ir 

IH 
19 
SO 
81 


.164 
.15 
«761 
75 
2,590 
n  1.401 
.712 
6.043 

3,168 

75,648 

3,031 

9,801 

«  68,534 

4.85 
37.24 

7.7 

34.88 

81.93 

2.35 

110.07 

33,858 

66.67 


June  30,  1902. 


.14S 
.145 
a  799 
73 
2,740 

rtl.439 

6.326 


3,163 

79,179 

3,003 

9,761 

70,294 

4.87 
39.54 

8.1 
36.6 
84.73 
2.32 
114.7561  20 
23.539  I  21 
67.26    I  SS 


clearness  in  the  annual  lepoit. 


ANALYSIS    OF    RAILROAD    REPORTS. 


137 


Statistics  of  Freight  Traffic. 


yante  of'  Kttitroad. 


Tear  ending.. 


Number  of  revenue  tou^  carried,  jjer  uiile 

Revenue  ton  miles,  per  mile 

Freight  train  mileage,  per  mile 

Locomotive  mileage,  per  mile 

Freight  car  mileage,  per  mile 

Locomotive  mileage,  per  locomotive 

Freight  car  mileage,  per  car 

Freight  car  mileage,  per  car,  per  day 

Average  number  of  all  freight  care,  per  freight  train 

Average  number  of  empty  freight  cars,  per  freight  train 

Percentage  of  loaded  car  mileage  to  total  car  mileage. 

Average  revenue  tons,  per  freight  train 

Average  revenue  tons,  per  loaded  car 

Average  revenue  Ions,  per  loaded  and  empty  car 

Average  distance  of  haul,  per  ton  of  freight miles 

Gross  earnings,  per  ton cents 

Gross  earnings,  per  ton,  per  mile  hauled cents 

Grose  freight  earnings,  per  train  mile cents 

Gross  freight  caniings,  per  car  mile ,.  cents 

Percentage  of  freight  expenses  to  earnings. 


21    Principal  articles  of  freight  and  percentage  of  tonnage  from  each 


SOUTHERN. 


June  30, 1901. 


3,198 

364:,890 

1,865 

4,J06 

41,033 

7,968 

aa 

■il.66 

5.86 

68.74 

191.67 

ia.95 

8.84 

166 

157.23 

.95 

181.57 

8.43 


JUNB  30, 1903. 


I 


a,493 

397,139 

a,033 

5,035 

41,588 
36,786 

8,847 

a4.a4 

ao.56 
6.13 
70.1 
195.31 
13.55 
9.5 
159.3 
148.31 

.931 
181.888 
8.85 


a7.9 Bituminous  Coal....    31.3 

35.5 Manufactures  ii3.9 

16.3 Lumber 14.9 

13.8,. Agricultural  Products..  13 


LOUISVILLE  AND  NASHVILLE. 


Jnira  30, 1901. 


Junk  30,  igo-i. 


8 
9 

10 
11 
1-J 
13 
14 
1.1 
16 
17 
IK 
lit 
20 


5,371 

838,114 

3,773 

7,415 

78,668 

43,860 

10,570 

38.96 
30.87 

6.7 
67.89 
334.18 
15.60 
10.65 
159 

133.377 
.769 
170.81 
8.19 
66 


5,507 

933,506 

4,000 

7,614 

80,353 

44,009 

10,438 

38. 

30. 

6. 

69. 

330. 

16, 

11. 

168 

134 

171. 

8. 
69. 


34.8 Coal.  . 

14.9 Ore  ... 

6.9 Lumber . 


57 
09 
11 

,59 
88 
53 
49 

.393 
741 
117 

,518 
31 


8 
9 
10 
11 
13 
13 
14 
15 
16 
17 
18 
19 
20 


lay 


ANALYSIS    OF    RAlI-HoAD    IJEPOHTS. 


Statistics  of  Physical  Condition. 


Name  of  Railroad . 


Tear  ending . 


Mileage  owned 

Milcuge  owned,  leiitsi'd  and  controlled  by  ownership  of  Stock., 

Average  mileage  operated 

Mileage  ballaeted 


5    Mileage  of  variouf;  kind^  of  ballast. 


d    Mileage  of  eecoud,  third  and  fourth  main  tracks. 

7  Mileage  of  yard  and  side  tracks 

8  Number  of  ties  renewed  in  track,  per  mile 


9    Mileage  of  various  weight  rails. 


10  Number  of  Locomotives  owned,  per  mile 

11  Average  tractive  power  of  Locomotives pounds 

13  Number  of  Freight  Cais  owned,  per  mile 

1.')  .\v(jrage  capacity  of  Freight  Cars  ■ jmunds 

1 1  Number  of  Passenger  Cars  owned.  i)er  mile 


CENTRAL  OF  GEORGIA. 


June  30, 1901. 


1,448 
1,846 
1,C78 


3 
351 

374 

68C 36   lbs. 

718. .61.1-68!   ■' 
106...r0  75     '• 

339 SO    '• 

.136 


JusE  30, 1902. 


1,448 

1.845 
1,845 


3 
338 
451 

per  yd 680  1 

"      718  I 

"       106    I 

••       354  J 

.116 


3.37 


SEABOARD  AIR  LINE. 


Juke  30, 1901. 


s  ■; 


»,532 

3,611 

3,593 

50G 


June  30, 1903. 


S,540 

3,619 

3,604 

611 


237 Fullballast 330 

(Rock  and  gravel).  | 

379 Partial  Ballast 391   i 


10 
11 
12 
13 
14 


341 

373 

fj    553. .56  lbs.  and  less  per  yd.. 554  "I 

j    1,331.  .60  "    per  yd 1,350  j 

j       393..68J-70  lbs.  per  yd 392   [ 

t       164..80-S.>      "         '•      nl64  J 

.118 
30,357 

3.36 
54,018 

.098 


.113 


3.23 


«0u  June  30,  1P02,  there  were  also  81  miles  of  track  laid  with  76-pound  rails. 


ANALYSIS  OF   RAILROAD   REPORTS. 


KW 


Statistics  of— Assets  and  Liabilities— Income  and   Expenses. 


JVame  of  Railroad. 


Tear  ending. . 


ASSETS  AND  LIABILITIES. 

Stocks  outstaoding,  per  mile 

Bonds  outstanding,  per  mile 

Total  Stocks  and  Bonds,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings. 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus  

Total  Surplus,  per  mile 


1.S    Reserve  Funds,  for  Betterments,  per  mile. 


INCOHE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings , 

Net  Earnings,  per  mile 

.\dditional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Mamtenancc 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

Surplus  Earnings,  per  mile 

percentage  of  Gross  Earnings  for  Surplus 

Betternienls  charged  to  Reserve  Funds,  per  mile 


CENTRAL  OF  GEURGIA. 


June  30.  ISO]. 


3,980 

a  38,933 

31,913 

73 

1,369 

30.8 

1,716 

3,980 

1,987,301: 

1,338,38.'} 

300,47  3 

131 

349 


4,13-1 

13.9 
3.848 
69 
1,376 
113 
740 
496 
30 
43.4 
1,456 
155 
39 
130 
3.9 


.June  .30,  IflOj. 


3,710 

a  36,734 

39,444 

363 

1,346 

89.7 

1,653 

3,710 

1,311, KI6 

1,139,504 

133,893 

67 

339 


4,303 

14.3 
3,998 

71.4 
1,304 
109 
781 
554 
31.8 
44.5 
],.-.06 
150 
39.6 
07 
1.6 


SEABOARD  AIR  LINE.  j 


Jl-NE   30,   1901. 


.IlNE  30,  1003. 


K 
0 
10 
II 
VI 
13 


14 
1.5 
111 
17 
18 
ISI 
W 

ai 

'22 

23 
24 


as 

2!) 


18,673 

31.341 

39,914 

1,008 

1,07  7 

36.8 

1,370 

11,188 

4,946,651 

5,937,373 

353,076 

97 


4,033 

10.1 
3,855 

70.98 
1,167 
8 
539 
476 
35.3 
35.5 
1,684 
150 
45.7 
97 
8.4 


18,587 

31,169 

.39,756 

1,136 

1,165 

37.4 

1,463 

11,137 

1,959,061 

3,678,931 

897,056 

344 

76 


4,351 

10.7 
3,815 

66.33 
1,436 
33 
493 
419 
31.43 
33.4 
1,734 
170 
44.79 
394 
6.9 


0  IncludiTig  Income  honds  amiuniting  to  $H,fi8I  jkt  mile  in  1901  and  $8,130  per  mile  in  1003. 


140 


ANALYSIS    OF    RAILKOAD    REPORTS. 


Statistics  of  Maintenance — Passenger  Traffic. 


Name  of  Railroad 

"Fear  ending 

nAINTENANCE    EXPENSES. 

I  Maintenance  of  Way  and  Structure,  per  ton  mile cents 

'i  Maintenance  of  Equijmient,  per  ton  mile cents 

3  Maintenance  of  Passenger  Care,  per  car 

4  Maintenance  of  Freight  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

fi  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run  . .  .cents 

PASSENGER   TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile  

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

l.T  Average  number  of  passengers,  per  passenger  train  

Ill  Average  number  of  passengers,  per  car , 

17  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

30  Gross  passenger  earnings,  per  train  mile cents 

21  Gross  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 


CENTRAL  OF  GEORGIA. 


JtruE  30, 1901. 


June  30, 1902. 


.»84 
.19 

74 
970 

.973 

.783 

3.331 

1,380 

43,006 

1,3.36 

5,731 

43,.''.06 

3.81 
37.95 
7.34 
33.83 
76.49 
3.33 
86.16 
33.63 


,305 
.317 
503 
38 
1.318 

.997 

.433 

3.838 

1,343 

43,737 

1,433 

5,785 

50,333 

3.73 
38.1 

7.55 
33.57 
73.50 

3.336 
80.14 
31.54 


SEABOARD  AIR  LINE. 


June  30,  1901. 


9 
10 
11 
12 
1.1 
II 
1.5 
IK 
17 
18 
19 
30 
21 
22 


.338 
.301 


1,654 


3.95 

639 

30,464 

1,316 

6,179 

61,839 

4.93 
31 

4.34 

48.44 

130.133 

3.48 

70.06 

14.15 


June  30,  1902. 


.173 
.147 


704 

33,638 

1,399 

6,009 

67,336 

4.33 
33 

5.33 

47.76 

113.563 

3.357 

73.r,5 

16.34 


ANALYSIS   OF  KAILKOAD   UEPOKTS. 


141 


Statistics  of  Freight  Traffic. 


yame  of  Railroad. . 


Tear  ending. 


CENTRAL  OF  GEORGIA. 


Jone30,  1901. 


1  Number  of  revenue  tons  carried,  per  mile 

2  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

5  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

H  Freight  car  mileage,  per  car,  per  day 

9  Average  number  of  all  freight  cars,  per  freight  traiu 

10  Average  number  of  empty  freight  cars,  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

12  Average  revenue  tone,  per  freight  train 

13  Average  revenue  ton^.  per  loaded  car 

14  Average  revenue  tons,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

IG  Gross  earnings,  per  ton cents 

17  Gross  earnings,  per  ton,  per  mile  hauled cente 

18  Gross  freight  earnings,  per  train  mile cents 

19  Groes  freight  earnings,  per  car  mile cents 

!}0  Percentage  of  freight  expenses  to  earnings  


31    Principal  articles  of  freight  and  percentage  of  tonnage  from  eacli 


1,619 

^^60,4:93 
1,5^6 
a,69l 
3I,91» 
39,317 
a  9,455 
«35.9 
18.81 
6.49 
GT.S 
163.34 
13.08 

8.ir 

161.34 

171. r 

1.U64 

181.58 
9.049 


June  30,  1903. 

1,766 

3,55,594 

1,5  13 

3,760 

39,517 

33,416 

ft  9,001 

,(34.7 

30 

5.77 
69 
163.80 
13.49 
8.14 
144.7 
163.3 

1.139 
190.7 
9.53 


34.6. . .  .Prod,  of  Agriculture.. .  .31.31 

31.1 Lumber 33     i 

30.5 Manufactures 17 

13.9 Fertilizers H.l. 

9.4 Bituminous   Coal....  15.7J  I 


SEABOARD  AIR  LINE. 


June  30,  1901. 


June  30, 1903. 


10 
11 
13 
13 
14 
15 
10 
17 
18 
19 
20 


1,543 
336,465 
1,570 
3,053 
36,943 
41,893 
ffl  8,378 
«33 
17.18 
9.34 
69.5 
190.63 
13.63 
8.77 
153.33 
183.148 
1.188 
183.018 
10.653 


1,734 

284,385 

1,674 

3,589 

39,539 

38,417 

«  9,061 

«  37, 

17 

5 

69 

175 

13, 

9, 

163, 

175 

1 

187 

10 


.8 

,65 
,45 
.1 

.37 
93 
93 
85 
,044 
,068 
.199 
,6G3 


.33.51 
.30.1 


33.4 Manufactures . . . 

33.7 Lumber  and  Logs, 

13.4..  ..Prod. of  Agriculture.... 10.7  \ 
11      Products  of  Mines 14.9  J 


ft  Report  uttt  clear  on  this  point. 


142 


ANALYSIS    OF    HAILROA])    REPORTS. 


Statistics  of  Physical  Condition. 

NASHVILLE,  CHATTANOOGA  AND 
ST.  LOUIS. 

MEXICAN  CENTRAL. 

Year  etidinff 

June  30,  1901. 

June  30, 1903. 

December  31, 1900.         December  31,  inoi. 

805 
l.lilO 
l,lit5 

805 
J,19C 
1,195 

f 

I 
1 

J 

1 

3 
4 

r 
1 

5   ' 

6 

8 

1 
1 

"    1 

1 
1 

10 

11 

I-.' 

13 

14 

l.> 

3.134                             3,311 
3,134                            •>,333 

2    Mileage  owned,  leased  :md  controlled  by  owucrship  of  Stock 

2 

4    Mileage  ballasted 

513 

1 405] 

tie 31'. 

4 

5    Mileage  of  viirioiis  kind;-  of  ballast 

1 

KocV 

Tezon 

Partial  b 

5 

i 

illast 01  I 

J 

U    Mileiige  of  second,  third  and  ftmrth  main  tracks  . . 

0 

388 
330 

31)8 

338                                331 
347             1                   333 

.jO,  60  and  r-i  lbs.  per  yd.               [ 

.133                               -11« 

s 

9    Mileage  of  various  weight  rails 

1 

38  to  80  lb.'*,  per  yd.               \ 

1 

1 

.1G3                            i<;<; 

9 

ID 

11     Average  tractive  power  of  Locomolives 

pounds 

3.513 

33,(185 

3.13 
51.740 

.068 
50,538 

11 

12    Number  of  Freight  Cars  owned,  per  mile  

5,514 
33,314 

.178 

3.14, 

50,340 

.06S 
31,933 

12 

13    Average  capacity  of  Freight  Cars 

pounds 

13 

14    Number  of  Passenger  Cars  owned,  per  mile 

.163 

14 

15    Aggregate  length  wooden  bridges  and  trestles 

feet 

13 

ANALYSIS  OF  RAILKOAD  REPORTS. 


143 


Statistics  of  — Assets  and   Liabilities  — Income  and    Expenses. 


Name  of  Hailroad. 


Tear  ending. . 


ASSETS  AND  LIABILITIES. 

.Stocks  outptandinjr,  per  mile 

Bonde  outstanding,  per  mile 

Total  Stocks  and  Bonde,  per  mile 

Various  Stocks  and  Bonds  in  Treasury,  per  mile 

Fixed  Charges,  including  Taxes,  per  mile 

Percentage  of  Fixed  Charges  and  Taxes  to  Earnings 

Charges  ahead  of  Common  Stock,  per  mile 

Amount  of  Common  Stock  outstanding,  per  mile 

Total  Current  Assets 

Total  Current  Liabilities 

Total  Surplus  

Total  Surplus,  per  mile 

Reserve  Funds,  fur  Betterments,  per  mile 

INCOnE  AND  EXPENSES. 

Gross  Earnings,  per  mile 

Percentage  of  Gross  Earnings  to  Capital 

Expenses,  per  mile 

Percentage  of  Expenses  to  Gross  Earnings 

Net  Earnings,  per  mile 

Additional  Miscellaneous  Income,  per  mile 

Expenses  for  Maintenance  of  Way  and  Structure,  per  mile 

Expenses  for  Maintenance  of  Equipment,  per  mile 

Percentage  of  Gross  Earnings  for  Maintenance 

Percentage  of  Expenses  for  Maintenance 

Expenses  for  Conducting  Transportation,  per  mile 

General  Expenses,  per  mile 

Percentage  of  Gross  for  Conduct.  Trans,  and  General  Expenses. 

Surplus  Earnings,  per  mile 

Percentage  of  Gross  Earnings  for  Surplus 

Betterments  charged  to  Reserve  Funds,  per  mile 


NASHVILLE,  CHATTANOOGA  AND 
ST.   H;UIS. 


June  30,  1901. 


§,368 

13,4U7 

31,775 

a  8*7 

1,554 

1,551 

8,368 
1,035,081 
3,191,745 
3.368,434: 

1,898 


6,377 

39.7 
4,377 

67.1 
3,100 
19 
1,061 
567 
35.6 
38.1 
3,48J 
163 
41.5 
518 
8.1 


J  UNE  30, 190^. 


8,368 

13,407 

31,775 

a  835 

1,560 

33.3 

1,560 

8,368 

1,340,433 

1,889,334 

:J,7SS,335 

3,343 


6,688 

30.7 
4,705 

70.3 
1,983 
15 
1,159 
865 
30.3 
43 
3,515 
166 
40 
439 
6.6 


MEXICAN  CENTRAL. 


December  31,  1900. 


8 
0 
111 
II 
12 
13 

14 
1.5 
Hi 
17 
18 
IS 
iO 
■^i 
22 
23 
24 


28 
29 


33,347 
49,841 
73,188 

983 
1,333 

15.9 

1,757 

33,347 

3,348,538 

4,148,778 

6,093 

3 

60 

Ij  8,384 
11.3 

b  5,768 
68.8 

b  3,616 

b  1,055 

b  1,099 

33.6 

37.3 

b  3,156 

ft  459 

43.1 
Cl07 


DecehbesSI,  1901 


33,461 

49,874 

73,335 

959 

1,369 

16.7 

1,833 

33,461 

3,450,885 

10,467,801 

180,933 

85 

73 

b  8,193 

11.6 
J  5,857 

71.5 

ft  3,335 

3.<!4 

ft  959 

ft  1,311 

36.5 

37 

ft  3,173 

6  515 

45 

83 

1 


a  Cost  to  Company. 

ft  Statistics  in  Mexican  currency. 

c  Deficit  instead  of  surplus,  after  deducting  $I"49  per  mile,  amount  in  excess  of  miscellaneous  income,  owed  and  paid  to  the  Subsidy  Trust  Fund. 


144 


ANALYSIS    OP  RAILROAD  REPORTS. 


Statistics  of   Maintenance   Expenses — Passenger  Traffic. 


Kanie  of  Railroad 

Tear  ending 

MAINTENANCE  EXPENSES. 

1  Maintenance  of  Way  and  Structure,  per  ton  mile cents 

2  Maintenance  of  Equipment,  per  ton  mile cents 

.3  Maintenance  of  Passenger  Care,  per  car 

4  Maintenance  of  Freiglit  Cars,  per  car 

5  Maintenance  of  Locomotives,  per  locomotive 

6  Maintenance  of  Passenger  Cars,  per  car,  per  mile  run cents 

7  Maintenance  of  Freight  Cars,  per  car,  per  mile  run cents 

8  Maintenance  of  Locomotives,  per  locomotive,  per  mile  run. .  .cents 

PASSENGER  TRAFFIC. 

9  Number  of  passengers  carried,  per  mile 

10  Passenger  miles,  per  mile 

11  Passenger  train  mileage,  per  mile 

12  Passenger  car  mileage,  per  mile 

13  Passenger  car  mileage,  per  car 

14  Average  number  of  cars,  per  passenger  train 

15  Average  number  of  passengers,  i>er  passenger  train 

10  Average  number  of  passengers,  per  car 

1"  Average  distance  travelled,  per  passenger miles 

18  Gross  earnings,  per  passenger cents 

19  Gross  earnings,  per  passenger,  per  mile  travelled cents 

80  Gross  passenger  earnings,  per  train  mile cents 

81  Gross  passenger  earnings,  per  car  mile cents 

22  Percentage  of  passenger  expenses  to  earnings 

a  Mexican  currency. 


NASHVILLE.  CHATTANOOGA  AND 
ST.  LOUIS. 


June  30,  1901. 


.•4 

.lor 
ar 

.956 
.443 

a.M 

1,237 

49,310 

l,43e 

7,. '5  S3 

46,340 

5.3 
34.5 
G.5 
40 
103 

3.5G 
]0» 
19.33 


June  30,  1902. 


.31 
.1.-.7 

606 

50 

1,971 

1.34. J 
.303 
4.93 

1,398 

53,800 

1,008 

8,391 

48,6.50 

5.3 
33.8 
0.3 
41 
101 
3.49 
95 
18.37 


MEXICAN  CENTRAL. 


December  .31,  ISOO. 


9 
10 
11 
13 
13 
14 
15 

ii; 

IT 
18 
19 
20 
21 


a  875 

a  330 

«  4,160 


December  31, 1901 


a  1,080 

a  337 

a  4,793 


ANALYSIS    OF    UAILHOAI)    ItKPoUTS. 


145 


Statistics  of  Freight  Traffic. 


Naitie  of  Railroad 

Year  ending 

1  Number  of  revenue  tous  carried,  per  mile 

a  Revenue  ton  miles,  per  mile 

3  Freight  train  mileage,  per  mile 

4  Locomotive  mileage,  per  mile 

."i  Freight  car  mileage,  per  mile 

6  Locomotive  mileage,  per  locomotive 

7  Freight  car  mileage,  per  car 

8  Freight  car  mileage,  per  car,  per  day 

H  Average  numher  of  nil  freight  cars,  per  freight  train 

10  Average  number  of  empty  freight  cariSj  per  freight  train 

11  Percentage  of  loaded  car  mileage  to  total  car  mileage 

13    Average  revenue  tons,  per  freight  train 

13  Average  revenue  tone,  per  loaded  car , 

14  Average  revenue  torn?,  per  loaded  and  empty  car 

15  Average  distance  of  haul,  per  ton  of  freight miles 

36  Grose  earnings,  per  ton. cents 

17  Gross  earnings,  per  ton.  per  mile  hauled cents 

18  Gross  freight  earnings,  per  train  mile cents 

19  Grot^s  freight  earnings,  per  car  mile cents 

20  Percentage  of  freight  expenses  to  cainingn 

f 
I 

21  Principal  aiticle;;  of  freight  and  percentage  of  tonnage  from  each  J 

I 
L 

a  Report  not  dear  on  this  point. 


NASHVILLE,  CHATTANOOGA  AND 
ST.    LOUIS. 


June  30. 1901. 


June  30, 1902. 


3,410 

.530,91  i 

3,1 7  r 

6,4:6^ 

61,005 
40,01» 

a  8,461 

19.3 


8.r 

1.55 
137 

.as 

151 

7.86.5 


3,59a 

531,703 

3,037 

6,543 

57,317 

39,435 

a  8,84a 

a  34.3 

18.9 


183 

9.6 
154 
137 

.89 
167 

8.836 


19.8 Graiu  and  Flour 17.8  1 

10.9 CoalandCuke 19  j 

16.1 Protl.  of  Foreete  ....17.3  f 

15.9 Manufactures 17.3  J 


MEXICAN  CENTRAL. 


DecEHBEB  31, 1900. 


8 
!) 
10 
11 
IJ 
13 
U 
l.-i 
Hi 

ir 

18 

la 

20 


December  31, 1901 


GEORGE  W.  YOUNG,  President.  WILLIAM  C.  SHERWOOD,  Vice-President.  EDMUND  W.  WAKELEE,  Treasurer. 

OSCAR  L.  GUBELMAN,  Vice-Presicent.  CHARLES  L.  YOUNG,  Secretary. 

IRe^ietiar  nnb  ^ran6fev  dompan^, 

15     EXCHANGE     PLACE,    JERSEY    CITY,    N.    J. 

EXECUTIVE    OFFICE: 

^^TJTU^^Ij    LXIFE;    BTJIXjXJUSTG-,    ISTE^W"   itotii^    ctt-h". 

Furnishes  all  facilities  for  Organization  of  Corporations  in   New  Jersey  and   New  York  ;    provides    Principal  Offices, 

with  Agents  in  Charge,  and  Private  Meeting  Rooms,  and  offers  generally  every  facility  for  Compliance  with 

the  Corporation  Laws.     Acts  as  Transfer  Agent  and  Registrar  of  Stocks  and  Bonds.     Executes  Trusts. 

Maintains   the   Most    Thoroaf/hh/    Equipi}ed    Transfer   Department    in   New    York  for    Cor- 
porations  of  all   States. 

— ^^  DIRECTORS  :  ==^— 


C.  C.  CUYLER,  WILLIAM  C.  SHERWOOD, 

Cuyler,  Morgan  &  Co.  Vue-Preiidenl  of  ihe  Company. 

OSCAR   L.  GUBELMAN,  EDMUND  \V.  WAKELEE, 

Secrelarv  and  Trcasuier  Comnunial  Trust  Company  of  Xew  fiisiy.  Treasvnr  of  the  Comfaiiy. 

JOHN  W.  HARDENBERGH,  GEORGE  W.  YOUNG, 

President  Commercial  Trust   Company  of  .\'ew  Jersey.  President   United  .States  .1/ori^'age  and   Trust  Company. 

ROBERT  S.  ROSS,  JAMES  C.  YOUNG, 

Vice-President  Commercial  Trust  Company  of  Xeic  Jersey.  President  National  Really  Company. 


ANALYSIS   OF  KAILHUAD   KEPOKTS. 


147 


APPENDIX. 

(Arranged  Alphabetically.) 


It  is  not  desired  to  recover  a  tield  already  well  covered  by  scores  of 
boolis.  Tire  following  list  is  tlierefore  brief  and  is  added  merel.y  for 
ready  reference.  Il  presents,  usually  without  deducting  treasury  holdings, 
the  total  amount  of  stocks  and  bonds  outstanding  on  each  of  the  rail- 
roads analyzed  in  the  preceding  pages  ;  also  the  dividend  record  for  the 
last  few  years.  Where  dividends  on  common  stocks  are  recorded,  it  i.s 
to  be  understood,  of  course,  that  the  full  preferred  dividends  were  also  paid. 

The  surplus  of  each  road  is  given  for  the  latest  fiscal  year  :  this 
surplus  is  the  amount  of  net  income  remaining  after  fixed  charges  have 
been  satisfied,  but  before  any  appropriations  for  extraordinary  improve- 
ments. 

ANN  ARBOli  RAILROAD— 

Common  stock  outetandinj; $3,250,000 

Preferred  stock  (5;S)  outstanding 4,000,000 

Bonds  outstanding 7,000,000 

Surplus  for  dividends,  1901-1903,  $187,85ti. 

ATCHISON,  TOPEKA  AND  SANTA  FE  EAILWAY- 

Common  slock  outstanding $10-3,000,000 

Preferred  stock  :5%)  outstanding   1I4,!99,530 

Bonds  outstanding 3C3,923,500 

Dividends  on  Common,  1901.  sy,%  ;  1902,  4i. 

Surplus  for  dividends,  I901-1S02,  $1.5,564,527. 

BALTIMORE  AND  OHIO  RAILROAD— 

Common  stock  outstanding  $118,496,200 

Preferred  stock  (4^)  outstanding 59,361,267 

Bonds  outstanding 234,013,745 

Including  4^  Debentures,  amounting  to  $708,000,  convertible 
into  Common  stock  at  par,  on  any  interest  day,  on  30 
days'  notice,  and  redeemable  at  par  on  any  interest  day. 
Dividends  on  Common  stock,  1900,  'i%  ;  1901,  4%  \  1902,  4^. 
Surplus  for  dividends,  1901-1902,  $9,020,945. 

BOSTON  AND  MAINE  RAILROAD— 

Common  stock  outstanding   $23,634,794 

—of  which  $1,128,200  is  in  the  treasury  of  the  Company. 

Pi-eferred  srock  {ti^}  outstanding 3,149,800 

Portland,  Saco  &  Portsmouth  R.  R.  stock  outstanding  3,200 

Portsmouth  and  Dover  R.  R.  stock  outstanding 77 

^       —convertible  into  Boston  &  Maine  Common  stock. 

lionds  outstanding  80,192,342 

Dividends,  1891  to  1899,  8^  per  vear  :  1900  to  1902,  7f,  per  year. 
Surplus  for  dividends,  1901-1902,  $1.786,?25. 


BUFFALO,  ROCHESTER  AND  PITTSBURGH  RAILWAY— 

Common  stock  outstanding 

Preferred  stock  outstanding 

Bonds  outstanding 

Preferred  stock  entitled  to  6f,  dividends,  then  the  Common  to 

6-^,  then  both  share  pro  rata. 
Dividend.-  on  Common  stock,  1901,  4%  ;  1902,  4%. 
Surplus  for  dividends,  1901-1902,  $1,274,365. 

BURLINGTON,  CEDAR  RAPIDS  AND  NORTHERN  RAILWAY— 

Stock  outstanding 

Bonds  outstanding    , 

Dividends,   1896  to  1898,  i%  per  year  ;   1899,  8;<  ;    1900,  S;i ; 

ISIOl.  6%  ;  1902,  0«. 
Surplus  for  dividends,  1901,  $1,163,101. 

CANADIAN  PACIFIC  RAILWAY'— 

Common  stock  outstanding 

Preferred  stock  (4^)  outstanding 

Consolidated  Debenture  stock  t4,'i;)  outstanding 

Bonds  outstanding 

Dividends  on  Common  stock,  1899,  4?  ;  1900,4)^^;  1901  and 

lii02,  .5^  per  year. 
Surplus  for  dividends  on  Common  stock,  1901-1902,  $7,709,914. 

CANADA  SOUTHERN  RAILWAY'— 
(See  Michigan  Central  Railroad.) 

CENTRAL  OF  GEORGIA  RAILWAY'— 

Stock  outstanding 

First  Preference  Income  bonds  (5,'S)  outstanding 

Second  Preference  Income  bonds  (5^)  outstanding 

Third  Preference  Income  bonds  {v>%)  outstanding 

Fixed  Interest  bonds  outstanding 

Interest  payments.  First  Income  bonds,  1898,  2%;   1899,  2,'£ ; 
190O,  3J4*  ;  1901.  5;5  ;  1902,  Z%. 

Surplus  for  interest  on  Income  bonds,  1901-1902,  $122,911. 

CENTR.\L  RAILRO.\D  OF  NEW  JERSEY— 

Stock  outstanding 

Bonds  outstanding     

Dividends,  1899,  4^ :  1900.  :yf. :  1901,  h%  ;  1902,  »%■ 

Surplus  for  dividends,  1901,  $3,22.5,(83. 

CHESAPEAKE  AND  OHIO  RAILWAY'- 

Common  stock  outstanding 

First  Preferred  stock  (.5;')  outstanding  

Second  Preferred  stock  i^yfA  outstanding 

Bonds  outstanding 

Dividends,  1899.  W  ;  1900,  K  ;  190],  \%  ;  1902,  K. 

Surplus  for  dividends  on  Common  slock.  1901-1902,  $3,060,409. 


$7,000,000 
6,000,000 
]2,682,000- 


$7,121,740 
15,763,000 


$72,624,162 
31,171,000 
63,532,416 
63,668,086 


$5,000,000 
4,000,000 
7,000,000 
4,000,000 

34,146,000 


$27,411,800 
47,731,292 


$60,529,500 

10,800 

SOO 

71,050,354 


148 


ANALYSIS   OF  RAILKOAD   KEPOKTS. 


CHICAGO  AND  ALTON  RAILWAY— 

Common  stock  outstanding $19,542,800 

Prefen-cU  slock  (4J)  ouletanding J?'5i*'592 

Bonds 54,000,000 

Dividends  on  Preferred  stock,  1901.  4%  ;  1902,  4f. 

Surplus  for  dividends,  1901-1902,  J825,341. 

CHICAGO,  BURLINGTON  AND  QUINCY  RAILROAD— 

Stock  outstanding *U*!'^'''^ 

Bonds  outstanding ■  •  •  152,0.  J,400 

—includes  bonds  held  in  sinkin;;  fund,  but  not  yet  canceled, 
amounting  to  $13,202,500. 
Dividends,  1898,  5Uv  ;  1899  to  1901.  6:,'  per  year  ;  1903,  7%. 
Surplus  for  dividends,  1S01-:903,  $10,08.3,111. 

CHICAGO  AND  EASTERN  ILLINOIS  RAILROAD— 

Common  stock  outstanding $7,197,800 

Preferred  stock  (Gr^)  outstanding . '''*^'''Io2 

Bonds  outstanding 24,650,392 

Dividends  on  Common   stock,     1898,    2l4f  ;      1899,   3J^!< ; 

1900,  4!-^  ;  1901,  5)^  ;  1902,  6f,. 
Surplus  tor  dividends,  1901-1903,  $1,448,882. 

CHICAGO  GREAT  WESTERN  RAILWAY— 

Common  stock  outstanding $33,383,395 

Debenture  stock  (4,'Si  outstanding 24,337,089 

Preferred  A.  stock  (5j:i  outstanding ^''      'li!n 

Preferred  B  stock  (4J)  outstanding ?'^-5MSi 

Loans  outstanding 3,642,000 

Dividends  on  Preferred  A  stock,  1893,  4%:  1900,  5f  ;  1901,  5"8 ; 

1902.  5r,. 
Surplus  for  dividends  on  A  stock,  1901-1902,  $589,645. 

CHICAGO,  INDL\NAPOLIS  AND  LOUISVILLE  RAILWAY— 

Common  stock  outstanding $10,-500,000 

Preferred  .nock  i4S)  outstanding ' lo'oio'nnS 

Bonds  outstanding 13,813,000 

Dividends  on  Preferred,  1899,  W  ;  4900,  -.H  ;  1901-1903,  4%  pel 

year. 
Dividends  on  Common,  1903,  1^. 
Surplus  for  dividends.  1901-1903,  $886,175. 

CHICAGO,  MILWAUKEE  AND  ST.  PAIL  RAILWAY— 

Common  stock  outstanding $58,183,900 

Pref erreti  stock  outstanding  46,683,400 

Bonds  outstanding  124,796,500 

Preferred  stock  entitled  to  7%  dividends  ;  then  the  Common 

to  7=; ;  then  both  share  ^co  rafa. 
Dividends  on  Common  stock,    1397  to  19i!0,    5:.'  per  year ; 

1901,  B;; ;  1903,  7 J. 
Surplus  for  dividends,  1901-1902,  $12,115,458. 


CHICAGO  AND  NORTH  WESTERN  RAILWAY— 

Common  stock  outstanding 

Preferred  stock  outstanding.   

Bonds  outstanding 

Preferred  stock  is  entitled  to  7^  dividends  ;  then  the  Common 
to  7;; ;  then  the  Preferred  to  Si  more  ;  then  the  Common 
to  S%  more  ;  after  V)%  thev  share  ;;/'o  ra/f^. 
Dividends  on  Preferred  stock,  1886  to  1901,  7^  per  year  ; 

1902,  7%  and  \%  extra. 
Dividends  on  Common   stock,    1896  to  1899,    5f,  per  year  ; 

1900,  6K  ;   1901,  6<  ;  1903,  6'.  and  1-i  extra. 
Surplus  for  dividends,  1901-1902,  S10,.574,S26. 

CHICAGO,  ROCK  ISLAND  AND  PACIFIC  RAILWAY— 

Stock  outstanding 

Bonds  outstanding 

Dividends  on  stock,  18.-18.  4;i  %  ;  1899  to  1903.  6%  per  year. 
Surplus  for  dividends,  1901-1902,  $7,230,941. 

CHICAGO,  ST.  PAUL,  MINNEAPOLIS  AND  OMAHA  RAILWAY- 

Common  stock  outstanding 

Preferred  stock  outstanding 

Bonds  outstanding 

Preferred  stock  is  entitled  to  7%  per  dividends  ;   then  the 

Common  to  7"^  ;  then  both  share ;»o  rata. 
Dividends  on  Common  stock,    1897  and  1898,  2i  per  year; 
1899,  3K-S  ;  1900,  5;i ;  1901,  f>%  ;  1902,  February,  5$ (regular 
annual 'dividend),   August,  S%   (beginning  semi-annual 
payments). 
Surplus  for  dividends,  1901,  $2,739,251. 

CLEVELAND,  CINCINNATI,  CHICAGO  AND  ST.  LOUIS  KAILWAY- 

Comroon  stock  outstanding 

Preferred  stock  (.i;?)  outstanding ■  •  •.■ 

Cincinnati,  Sandusky  and  Cleveland  PreteiTed  stock  assumed  in 

purchase  of  road,  outstanding 

Bonds  outstanding 

Dividends  on  Common  stock,  1900,  3i  ;  1901,  SJi-s,' ;  1903,  if. 
Surplus  for  dividends,  1901-1902,  $2,350,861. 

CLEVELAND,  LORAIN  AND  WHEELING  RAILWAY- 

Common  stock  outstanding 

Preferred  stock  outstanding 

Bonds  outstanding -■   

Preferred  slock  is  entitled  to  Sf,  dividends ;  then  the  Common 

to  b'i ;  then  both  share  jt/o  rata. 
Dividends  on  Preferred  stock.  1896,  3%  ;    none  since. 
Surplus  for  dividends,  1901-1902,  $753,001. 

COLORADO  AND  SOUTHERN  RAILWAY— 

Common  stock  outstanding 

First  Preferred  stock  (4%)  outstanding 

Second  Preferred  stock  {4)5)  outstanding 

Bonds  outstanding       „■  ■  ",*."  Y 

Dividends  ou  First  Preferred,  lEOO.  2.;;  1901,  3>s«,  of  which 
ly^'i  marked  the  beginning  of  semi-annual  payments  m 
April  and  October  ;  1903.  3«. 
Surplus  for  dividends.  1901-1902,  $636,759. 


$39,114,678 
22,395,130 
145,6110,000 


$59,961,960 
71,081,000 


$18,558,953 
11,259,912 
25,831,324 


$27,989,310 
10,000,000 

438,997 
.58,188,730 


$8,000,000 
5.000,000 
6,966,228 


$31,000,000 
8,500,000 
8,500,000 
19,041,368 


ANALYSIS   OF   RAILROAD   REPORTS. 


149 


DELAWARE  AND  HUDSON— 

Stock  ontstanding 

Bonds  outstanding 

Dividends,  1889  to  1896, 7%  per  year ;  189T  to  1900.  5%  per  year  ; 

1901.  7%  :  1902,  7?. 

Surplnisfor  dividends.  1901,  $4,370,707. 
DELAWARE,  L.\CKA WANNA  AND  WESTERN  RAILROAD— 

Stock  outstanding 

Bonds  outstanding 

Dividends  since  1886,  7%  per  year. 
Surplus  for  dividends,  1901,  $5,ti72,361. 
DENVER  AND  RIO  GRANDE  RAILROAD— 

Common  stock  outstanding 

Preferred  stock  {^%)  outstanding 

Bonds  outstanding 

Dividends  on  Preferred  stock,  1899,  i%  :    1900,  4%  ;    1901,  5%; 

1903,  S-i. 
Surplus  for  dividends,  1901-1903,  $3,303,03.';. 

ERIE  RAILROAD— 

Common  stock  outstanding 

Hrst  Preferred  stock  H%)  outstanding 

Second  Preferred  stock  (4^)  outstanding 

Bonds  outstanding ; 

Dividends  on  First  Preferred  stock,  1901,  H4^  ;  1S02,  3)S. 

Surplus  for  dividends,  lSOl-1902,  $4,.3S4,677. 
EVANSVILLE  AND  TERRA  HAUTE  RAILROAD— 

Common  stock  outstanding 

Preferred  stock  i5^)  outstanding 

Bonds  outstanding 

Dividends  on  Common  stock,  1899,  2^  ;  1900,  3^  ;   1901,  1)4*  ; 
1903.  no  dividend. 

Surplus  for  dividends.  1901-1902,  $364,033. 

FORT  WORTH  AND  DENVER  CITY  RAILWAY— 

Common  stock  outstanding 

Preferred  stock  {i%)  outstanding 

Bonds  outstanding 

Dividends  on  Preferred  stock,  1698.  2,-S ;  1899.  2f  ;  1903,  3'S  out 

of  surplus  for  1899-1901. 
Surplus  for  diridends,  1901.  $39,980. 
(iREAT  NORTHERN  RAILW.\Y— 

Stock  outstanding 

St.  Paul,  Minneapolis  and  Manitoba  (6;^;  guaranteed  stockj 

Bonds  outstanding 

Dividends  on  stock,  1899, 7^;  1900,7^;  1901,  7i<  and  J^t  extra: 

1902,  7%. 

Surplus  for  dividends,  1901-1902,  $1.5,460,236. 

HOCKING  VALLEY'  RAILWAY— 

Common  stock  outstanding 

Preferred  stock  outstanding 

Bonds  outstanding 

Preferred  stock  is  entitled  to  4;^  dividends  ;  tlien  tlie  Common 
to  4;^  ;  then  both  slmre  pro  rata,  but  the  Preferred  stock 
may  be  retired  at  par. 
Dividends  on  Common  stock,  1901,  l\4i  ;  1902,  'V- 
Surplus  for  dividends.  1901-1903,  $1,603,373. 


$34,645,700 
8,700,000 


$26,200,000 
3,067,000 


$38,000,000 
44.400,000 
73,096,100 


$113,378,900 

47,893,400 

16,000,000 

187,534,380 


$3,987,383 
1,282,417 
8,578,000 


$6,885,008 
3,539,993 
8,228,000 


$123,853,000 

453,600 

205,670,150 


$10,431,600 
14,000,000 
20,068,711 


ILLINOIS  CENTHAL  RAILROAD— 

Stock  outstanding $93,040,000 

Leased  line  stock  (guaranteed  4?),  outstanding 10.000,000 

Bonds  outstanding 139,19.5,925 

Dividends  on  stock,  1891  to  1899,  5%  per  year  ;    190O,  5>^  ; 

1901,  6^  :  1902,  H- 
Surplus  for  dividends,  1901-1902,  $9,790,462. 

IOWA  CENTRAL  RAILWAY- 

Common  stock  outstanding $8,519,688 

Preferred  stock  outstanding 5,674,2.36 

Bonds  outstanding 9,649,545 

Preferred  stock  is  entitled  to  SiCdividends  ;  then  the  Comuion 
to  5j5 ;  tiien  both  share  pro  rata. 

Dividends  on  Preferred  stock,  1899,  'ii  \  1900, 1}^%  ;  none  since. 

Surplus  for  dividends,  1901-1903,  $304,.538. 

LAKE  ERIE  AND  WESTERN  RAILROAD- 

Common  stock  outstanding $11,810,000 

Preferred  slock  (6;S)  outstanding 11,840,000 

Bonds  outt'tanding 10,875,000 

Dividends  on  Preferred  stock,  1900,  ii  ;  1901,  4%  ;  1902,  4%. 
Surplus  for  dividends,  1901,  $474,653. 

LAKE  SHORE  AND  MICHIGAN  SOUTHERN— 

Common  stock  outstanding $49,4C6,.500 

Guaranteed  10"S  stock  outstanding 538,500 

Bonds  outstanding      .'i0,75.5.000 

Dividends  on  Common,  1893  to  1897,  6,"<peryear  ;  1898  to  1903, 

7%  per  vear. 
Surplus  for  dividends,  1901,  $10,744,204. 

LEHIGH  VALLEY  RAILROAD— 

Stock  outstanding  $40,441,100 

Bonds  outstanding 5.3,8«),994 

Dividends— None  since  1893. 
Deflcit,  1901-1903,  $1,333,777. 

LONG  ISLAND  RAILROAD— 

Stock  outstanding $13,000,000 

Bonds  outstanding 32,359,.'>41 

Outstanding  securities  of  leasehold  estates 4,948,000 

Surplus  for  dividends,  1901-1902,  $544,256, 

LOUISVILLE  AND  NASHVILLE  RAILROAD— 

Stock  outstanding $60,000,000 

Bonds  outstanding 89,605,660 

Dividends,  1899,  %}^i  ;  1900,  4%  :  1901,  i%  ;   1902,  5^. 

Surplus  for  dividends,  1901-1903,  $4,725,307. 

MEXICAN  CENTRAL  RAILWAY'— 

Stock  outstanding $47,955,100 

Fiist  Consolidated  Income  bonds  (3,'S)  outstanding ■ 30,.563,100 

Second  Consolidated  Income  bonds  (.3^)  outstanding 1 1,656,200 

Fixed  Interest  bonds  outstanding 84,261,752 

Surplus  for  interest  on  Income  bonds,  1901,  $174,839. 


150 


ANALYSIS   OF   RAILROAD   REPORTS. 


MICHIGAN  CENTRiL  RAILROAD— 

(IncludiDS  Canada  Southern  Railway-).  0,0  ~oo  nn,i 

Micliiaan  Central  stock  outslanding ''i=nm'nm 

Canada  Southern  stock  outstanding  ,:,'o„.'mn 

Bonds  outstanding :,  \- ■  :  ■i-i-i-!>>.'^ 

Canada  Southern  receives  40^  of  the  net  surplus  after  all  taxed 
charges  are  paid.    The  amount  by  which  either  road  may 
reduce  its  flsed   charges,  is  first  allowed  to  that  road, 
before  said  division  is  made. 
Dividends,  Canada  Southern, 189Tto]001. as;  per  year  ;  190-3, 3-;. 
Dividends,  Michii;an  Central,  1895  to  1902.  4-;  per  year. 
Surplus  for  dividend?,  1901,  Canada  Southern,  $37r.0rl. 
Surplus  for  dividends,  1901,  Michigan  Central,  $983,39(j. 
MINNE.^POLIS  AND  ST.  LOUIS  RAILEO.\D- 

Common  stock  outstanding *, 'XXX'nm 

Preferred  stuck  outstanding i-i-i'Sm 

Bonis  ontstanding •••,■■■■  L'  •  -.v  '  ;^- i<  ,Si  i,uuu 

Preferred  stock  is  entitled  to  5;;  dividends  ;  then  the  Common 

to  5"*  ;  then  both  share  nro  rata. 
Dividends  on  Common  stock,  1000,  1!^;  i  1901,  4-.' ;  1902,  X. 
Surplus  for  dividends.  1901-1902,  8096,7-24. 
MINNEAPOLIS,  ST.  PAUL  AND  SAULT  STE.  MARIE  RAILWAY-        .,,„„„.„„ 

Common  stock  outstanding *  --nS^'m 

Preferred  stock  1 7;*)  outstanding ..Vo^  -^ 

Bonds  outstandin? .)4,t>4.i,oou 

Surplus  for  dividends,  1901-1903,  $1,508,501. 
MISSOURI.  KANSAS  AND  TEXAS  RAILWAY- 

Common  stock  outstanding '?S'JifK  nnn 

Preferred  stock  (4;;i  outstanding ....-.• o'l^'oon 

Stock  of  Missouri,  Kansas  and  Texas,  of  Texas,  outstanding :',^n''Sn 

Stock  of  Boonville  Railroad  Bridge  Co.,  outstanding orSrsS 

Bonds  outstanding 81,UH5,»08 

Surplus  for  dividends,  1901-190-2,  $908,910. 
MISSOURI  PACIFIC  SYSTEM- 

Stock  outstanding ?.i-.  1  oq'?.'- 

Bonds  outstanding ldi,iad,i.i 

Dividends,  1901,  2J4'? ;  19na.  R1. 
Surplus  Jor  dividends,  1901,  $7,478,5-23. 
NASHVILLE,  CHATTANOOGA  AND  ST.  LOUIS  RAH. WAY-  cnnonnnn 

Stock  ontstandino ; *„Wmn 

Bonds  outstanding    •• ;.".-,---v  10,021,000 

Dividends,  ISO.t  to  1898, 4*  per  year  ;  1899  to  1902,  no  dividend. 
Surplus  for  dividends,  1901-1903.  $.534,711. 
NEW  YORK  CENTRAL  AND  HUDSON  RIVER  EAILEOAD-  ^ 

Stock  ontstanding *Voo'nk'iii 

Bonds  outstanding •• 193,9«,d5() 

Dividends,  1896  to  1899,  4«  peryear  ;  1900  to  1902,  S%  per  year. 
Surplus  for  dividends,  1901-1903,  $8,016,718. 
NEW  YORK.  CHICAGO  AND  ST.  LOUIS  RAILROAD-  n,in  nno 

Common  stock  outstanding  *  J'mnnnn 

First  Preferred  stock  (5^.)  outstanding ,  ,'Snn'fvin 

Second  Preferred  stock  (5S1  outstanding Ji-Vs^'nlv! 

Bonds  outstanding W-;;^\;; 19,4.o,000 

Dividends  on  Second  Preferred  stock,  1901,  •2'.  :  1903.  .*.. 
Surplus  for  dividends,  1901,  $1,374,933. 


NEW   YORK,  NEW  HAVEN  AND  HARTFORD  RAILROAD— 

Stock  outstanding $.54,6^-1,400 

Bonds  outstanding 32,536,200 

—including  $10,397,200,4%  bonds  convertible  into  stock  at  par, 
on  April  1,  1903,  or  within  60  davs  thereafter. 
Dividends,  1873  to  1893,  10^  per  year;    1894,9^;   1895  to  1903, 

8:^  per  year. 
Surplus  for  dividends,  1901-190-2,  $4,678,859. 

NEW  YORK.  ONTARIO  &  WESTERN  RAILWAY— 

Common  stock  outstanding $.58,113,983 

Preferred  st  ck  outstanding 4,000 

Bonds  outstandina 16,9.37,000 

Surplu.s  for  dividends.  1901-1903,  $658,959. 

NORTHERN  PACIFIC  RAILWAY— 

Stock  outstanding $155,000,000 

Bonds  outstanding 286,096,433 

Dividends,  1899,  2:r;   1900,4:3;  1901,  4? ;  1902,  BJ^-;  (at  rate  of 

0'-  per  vearl. 
Surplus  for  dividends,  1901-1903,  $13,047,332. 

NORFOLK  AND  WESTERN  R.\ILWAY— 

Common  stock  outstanding $64,469,200 

Preferred  stock  i4-. )  ontstanding 22.763,800 

Bonds  outstanding 58,151,750 

Dividends  on  Common  stock,  1901,  2%  ;  1903,  -JWit. 

Surplus  for  dividends,  1901-1902,  $5,133,095. 

PENNSYLVANIA  COMPANY— 

Stock  outstanding $40,000,000 

Bonds  ontstanding 50,477,000 

Dividends,  1893  to  1894.  4-;;  1901,  3-;. 

Surplus  for  dividends,  1901,  $3,081,261. 

PENNSYLVANIA  RAILROAD— 

Stock  outstanding $204,573,350 

Bonds  outstanding 90,775,894 

Dividends, 1893  to  1899,.5!  per  year;  1900,6;; ;  1901,6;; ;  1902,  O*. 

Surplus  for  dividends,  1901,  $32,194,380. 

PITTSBURGH.  CINCINNATI,  CHICAGO  AND  ST.  LOUIS  RAILWAY— 

Common  stock  outstanding $-24,754,607 

Preferred  stock  outstanding -'^•*??"S,'' 

Bonds  ontstanding 45,70.1,000 

Preferred  stock  is  entitled  to  4 ;  dividends  ;  then  the  Common 
to  8;^ ;  tlien  the  Preferred  to  an  additional  I'.,  making  5'. : 
then,  after  the  Common  receives  S'.,  both  share  jiro  rata. 
Dividends  on  Common  stock,  IHOI.  K  ;  1903.  3'.. 
Surplus  for  dividends,  1901,  $3,696,991. 

READING  COMPANY-  t-o  nno  noii 

Common  stock  outstanding *>o'rJvi'nnn 

First  Preferred  stock  (4;*)  outstanding 'iS'llli'/wi 

Second  Preferred  stock  (4^)  outstanding '^mi'^ 

Bonds  outstanding •   ■•■■  9K,JTt),l»l 

Dividendsou  First  Preferred  stock,  1900.  S*;  1901,4',";  190-3,  S^'. 

Surplus  for  dividends,  1901-1903,  $3,913,3.50. 


ANALYSIS   OF   KAILROAD    REPORTS. 


151 


RIO    CfRANDE    WESTEKN    KAlLWAY-(mergal  iu   190J   with    Ibi- 

Deuvcr  and  Rio  Grande). 

C'ommou  stocli  outstanding 

Preferred  stoclv  outstanding 

Boijds  outstanding 

Preferred  stocli  is  entitled  to  n,'^  dividends  ;   then  the  Com- 
mon to  5%  ;  then  both  share  pro  rata. 
Dividends  on  Preferred  stocli,  1900,  5^  ;  1901,  i%%. 
Surplus  for  dividends,  i;iOO-1901,  $761,951. 

ST.  .JOSEPH  .\ND  GRAND  ISLAND  RAILWAY— 

Common  stocli  outstanding 

First  Preferred  stocli  (.5,'?!  outstanding 

Second  Preferred  stocli  i4,'{)  outstanding 

Bonds  outstanding  

Dividends  on  First  Preferred  stock,  1900, 3j(;  1901,  S.'S;  1903, 5^. 

Surplus  for  dividends,  1901-190^,  $293,602. 

ST.  LOUIS  AND  SAN  FRANCISCO  RAILROAU- 

Common  stock  outstanding 

First  Preferred  stock  (-1,^)  outstanding 

Second  Preferred  stock  'i%)  outstanding 

Stock  of  auxiliary  companies  outstanding 

Stock  of  leasehold  estate  — 

Kansas  City,  Fort  Scott  and  Memphis  Preferred  (guar.  IS)  out- 
standing   

Kansas  City,  Fort  Scott  and  Memphis  Common  outstanding. . . 

Bonds  outstanding 

Dividends  on  Second  Pieferred  stock,  1901,  Z\^'i  ;  1903,  i%. 
Surplus  for  dividends,  1901-1902,  $3,377,479. 

ST.  LOUIS  SOUTHWESTERN  RAILWAY- 

Common  stock  outstanding 

Preferred  stock  (5^)  outstanding 

Bonds  outstanding  

Surplus  for  dividends,  1901-1903,  $738,189. 

SEABOARD  AIR  LIN^E  RAILWAY- 

Common  stock  outstanding 

Preferred  stock  outstanding 

Bonds  outstanding 

Preferred  st  >ck  is  entitled  to  ifc  dividends  ;  then  the  Common 
to  4:? ;  then  the  Preferred  to  3%  more,  making  6^ ;    the 
Common  to  the  balance. 
Surplus  for  dividends,  1901-1003,  $765,833, 

SOUTHERN  PACIFIC  COMPANY— 

.Stock  outstanding 

Bonds  outstanding 

—including  guaranteed  bonds  of  other  companies. 
Surplus  for  dividends,  1901-1903,  $10,511,471. 


$10,000,000 
7,.500,000 
27,476,600 


$4,600,000 
5,499,500 
3,500,000 
3,500,000 


$29,000,000 
16,000,000 
5,000,000 
12,084,100 


13.510,000 
15,000,000 
110,638,455 


$16,500,000 
20,000,000 
37,402,688 


$39,000,000 
19,400,000 
35,133,313 


$197,849,227 
373,434,170 


SOUTHERN  RAILWAY- 

Common  stock  outstanding $130,000,000 

Preferred  stock  (a%'  outstanding 60,000,000 

Bonds  outstanding 166,802,3.38 

Dividends  on  Preferred  stock,  1897,  1%  \   1898,  \% ;  1899,  'i%, 

1900,  -6%  :  1901,  U  ;  1902,  Sf. 
Surplus  for  dividends,  1901-1903,  $3,600,897. 
TEXAS  AND  P.^CIFIC  RAILWAY— 

Stock  outstanding $38,760,000 

Second  Mortgage  Income  bonds  (5i<)  outstanding 24,980.194 

— of  which  Company  holds  in  its  treasury,  *1,762,000. 

Fi.'ied  Interest  bonds  outstanding 30,499,259 

Interest  paid  on  Income  bonds,  1900,  IJ^iS ;  1901,  45! ;  1902,  5i. 
Surplus  for  dividends,  1901,  $1,164,318. 

TOLEDO,  ST.  LOUIS  AND  WESTERN  RAILROAD— 

Common  stock  outstanding $10,000,000 

Preferred  stock  (4*)  outstanding 10,000,000 

Bonds  outstanding 15,500,000 

Surplus  for  dividends,  1901-1903,  $55,691. 
UNION  PACIFIC  RAILROAD— 

Common  stock  outstanding $104,057,900 

Prefen-ed  stock  (4.;)  outstanding 99,501,900 

Oiegou  Short  Line  Railroad  stock  outstanding 10,000 

Oregon  Railroadaud  Navigation  Common  stock  outstanding 38,310 

Oregon  Railroad  and  Navigation  Preferred  stock  (4^)  outstanding.  16,955 

Bonds  outstanding  248,098,000 

—including  4;;  bonds  amounting  to    $91,952,000,    convertible 
into  Common  stock  at  par  before  May  1,  1906. 
Dividends  on  Union  Paciflc  Common,  1900,  .3!^« ;  1901,  4;<  ; 

1902,  4%. 
Sm'plus  for  dividends  on  Union  Pacific  Common  and  Pre- 
ferred stocks,  1900-1901,  $U,503,219. 
WABASH  RAILROAD— 

Common  stock  oiitslandiug $28,000,000 

Preferred  stock  outstanding 34,000,000 

aDebenture  "A"  bonds  (6*)  outstanding 3,.'i00,000 

Debenture  "  B  "  bonds  (6;S)  outstanding 36,500,000 

Fixed  interest  bonds  outstanding 92,110,000 

Preferred  stock  is  entitled  to  7%  dividends ;  then  the  Common 

to  7^  ;  then  both  share  pro  rata. 
Surplus  for  interest  on  "  B  "  bonds,  1901-1903,  $781,960. 
f' Debenture  ''  A  ''  bonds  are  redeemable  at  par. 
WHEELING  AND  LAKE  ERIE  RAILROAD— 

Common  stock  outstanding $30,000,000 

First  Preferred  stock  (4^)  outstanding 4,986,900 

Second  Preferred  stock  (4,*)  outstanding 11,993,500 

Bonds  outstanding  15,836,897 

Surplus  for  dividends,  1900-1901,  $72,123. 
WISCONSIN  CE.NTRAL  RAILWAY— 

Common  stock  outstanding        $16,147,876 

Preferred  stock  H%)  outstaudiug 11,267,104 

Bonds  outstanding 26,997,969 

Surplus  for  dividends,  1901-1902,  $480,106.     • 


The  Safety  Car  Heating  and  Lighting:  Company. 

General  Office— 160  Broadway,  New  York. 

1017  Monadnock  Building,  Chicago,  111., 


Branch  Offices— 


1015   Union  Trust   Building,  5t.  Louis,  flo. 


Pintsch  System  Car  and  Buoy  Lighting. 

This  Company  controls  in  the  United  States  and  Canada  the  Celebrated  PINTSCH  SYSTEM  OF  CAR  AND  BUOY 
LIGHTING.  It  is  economical,  safe,  efficient,  and  approved  by  railway  managers  and  the  Light  House  Board  of  the  United 
States,  and  has  received  the  Highest  Awards  for  Excellence  at  the  World's  Expositions  at  Moscow,  Vienna,  St.  Petersburg, 
London,  Berlin,  Paris,  Chicago,  Atlanta  and  Buffalo.  116,000  cars,  5,000  locomotives  and  1,400  buoys  are  equipped  with  this  light. 
170  Railroads  in  the  United   States,  Canada  and  Mexico  have  adopted  this  system  of  lighting.       Applied  on  over  20,000  cars. 

Car  Heating. 

By  Steam  Jacket  System  of  Hot  Water  Circulation,  Regulating  Direct  Steam  System,  Return  and  Single  Train  I'ipe 
Systems. 130  Railroads  in  the  United  States  are  using  these  systems  of  heating. Applied  on  over  10,000  cars. 


AUTOHATIC   STEAM   TRAPS. 


STRAIGHT    PORT   COUPLERS. 


Pintsch  Plants  are  now  in  Operation  in  the  Following  Cities  in  the  United  States,  Canada  and  Mexico ; 


ALBANY,  N.  Y. 
ATLANTA,  GA. 
BALTIMORE.  MD. 
BARSTOW,  CAL. 
BOSTON,  MASS.  (2) 
BUFFALO,  N.  Y. 
CAMDEN,  N.  J. 
CHATTANOOGA,  TENN. 
CHICAGO,  ILL. 
CINCINNATI,  O. 
CLEVELAND,  O. 


COLUMBUS,  O. 
COUNCIL  BLUFFS,  lA. 
DENVER,  COL. 
DETROIT,  MiCH. 
EL  PASO.  TEX. 
FORT  WORTH,  TEX. 
HAMLET,  N.  C. 
HOUSTON.  TEXAS. 
INDIANAPOLIS,  IND. 
JACKSONVILLE,  FLA. 
JERSEY  CITY,  N.  J.  (4) 


KANSAS  CITY,  MO. 
LONG  ISLAND  CITY,  L.  I. 
LOS  ANGELES,  CAL.  (2) 
LUDLOW,  KY. 
MARION,  O. 
MEMPHIS,  TENN. 
MEXICO,  CITY  OF. 
MINNEAPOLIS.  .MI.VN. 
.MOBILE,  ALA. 
MONCTON,  N.  B. 
MONTREAL,  QUE. 


NASHVILLE,  TENN. 
NEW  HAVEN,  CONN. 
NEW  YORK,  N.  Y.  (2) 
OAKLAND,  CAL. 
OGDEN,  UTAH. 
PHILADELPHIA,  PA. 
PHILLIPSBURG,  N.  J. 
PITTSBURG,  PA. 
PORTLAND,  ORE. 
ROANOKE,  VA. 
ST.  AUGUSTINE,  FLA. 


ST.  LOUIS,  MO. 
ST.  PAUL,  MINN. 
SAN  ANTONIO,  TEX 
SAVANNAH,  GA. 
SHREVEPORT,  LA. 
SYRACUSE,  N.  Y. 
TEXARKANA,  ARK. 
TOLEDO,  O. 
WASHINGTON,  D.  C. 
WEEHAWKEN,  N.  J. 


SpeneerTrask  &  Co. 

BANKERS 
27  &  29  Pine  Street,  New  York. 

Transact  a  general  banking 
business ;  act  as  Fiscal  Agents 
for  corporations,  and  negotiate 
security  issues  of  railroads  and 
other  companies.  Execute 
commission  orders  and  deal  in 

INVESTMENT  SECURITIES. 

Members  New  York  Stock  Exchange. 
Branch  Office:  67  State  St.,  Albany. 


CHARLES  I.  HUDSON  PERCY  K.  HUDSON  GEORGE  R.  DYER 

Member  of  New  V'ork  Member  of  New  "^'ork  Stock  Exchange  Member  New  \'ark  Cotton  Exchanga 

an.t  Chicasjo  Stock  Excliansfes  and  Cbicatro  Board  of  Trade  Member  New  York  Coffee  Exchango 

C.    I.    HUDSON    cS    CO. 

34=36  Wall    Street,  New  York 

^5^     ^^'     t^^ 

SPECIALISTS    IN 

Unlisted,    Uncurrent   and   Inactive   Gas,   Traction, 
Water  and  Industrial  Securities 


^  ^  ^ 

PRIVATE 

LEASED  WIRES  TO, 

AND   SPECIALISTS  IN 

THE  LOCAL  SECURITIES  OF 

Buffalo 

Cincinnati 

Louisville 

Pittsburg 

Wilmington 

Boston 

Cleveland 

Milwaukee 

Rochester 

Washington 

Baltimore 

Columbus 

Norfolk 

St.  Louis 

Wilkesbarre 

Chicago 

Detroit 

Philadelphia 

Toronto 

Wheeling 

THB 

Manufacturers 
Trust  Co. 

198  Montague  Street,      BROOKLYN,  N.  Y. 

OFFICERS. 
WILLIAM    J.    COOMBS,  --------         President. 

WILLIAM    H.    NICHOLS,     --------      Vice-President. 

WILLIAM    J.    MATHESON,      -------     2D  Vice-President. 

FRANK    L.    SNIFFEN,  -  _  -  -  -  30    Vice-President  and  Sec'Y. 

WILLIAM    C.    NESMITH,  -------       ass'T    Secretary. 

BOARD      OF      DIRECTORS. 

WILLIAM  H.  NICHOLS  JAMES  H.  OLIPHANT  E.  DWIGHT  CHURCH  EDWARD  HIN.MAN 

WILLIAM  J.  MATHESON  SILAS  TUTTLE  HENRY  BATTERMAN  E.  T.  BEDFORD 

WILLIAM  J.  COOMBS  WILLIAM  A.  N.\SH  J.  ADOLPH   MOLLENHAUER  CHAS.  O.  GATES 

SANFORD  II.  STEELE  H.  B.  HAIGH  JOHN  C.  ORR  DANIEL  P.  MORSE 

JOHN  n.  HANAN  FRANK  BAILEY  ROYAL  C.  PEABODY  H.  V.  V.  liRAMAN 

JOHN  H.  SCHUMANN  FRANK  S.  JONES  JOHN  H.  IRELAND  JAMES  L.  MORGAN 

EXECUTIVE      COmmiTTEE. 

WILLIAM   H.   NICHOLS,    Chahma,,. 
WILLIAM  J.  MATHESON  SANFORD  H.  STEELE 

JAMES  H.  OLIPHANT  E.  T.  BEDFORD 

JOHN  H.  SCHUMANN  FRANK  BAILEY 

THE    PRESIDENT'    A.i  Officiv. 

ft*** 

Capital,  Surplus  and  Undivided  Profits,  $1,450,879.49. 

COUflSELi. 

STEELE    &    OTIS,    25     BROAD    ST.,    N.    Y.    CITY. 


C0M2VIERCIAL  Trust  Cojvlpany 

or  New  Jersey 

15,  17,  19  and  31  Exchange  Place,  Jersey  City,  N.  J. 


Capital,  Surplus  and  ProGts,  $2,700,000. 

SAFE      DEPOSIT      VAULTS      OF      THE      BEST      MODERN      CONSTRUCTION      AT 
MOST     ACCESSIBLE     POINT    TO     NEW     YORK 


John  AV.  Hardenberg:h, 
George  TV.  Young,  Vice' 

WALTER  E.  AMMON, 
AUGUST  BELMONT, 
C.  LEDYAED  BLAIR, 
FREDERICK  G.  BOURNE, 
WnLLIAJI  BEINKERHOFF, 
JOHN  D.  CARSOALLEN. 
FREDEKIC  C.  CEOMfl'ELL, 
C.  C.  CUTLER, 
JACOB  J.  DETWILLER, 
CHARLES  D.  DICKEY. 


OFFICERS  : 
President.  Robert  S 

■President.  Oscar  L, 

DIRECTORS : 
JOHN  W.  HARDENBERGH, 
GEORGE  G.  HAVEN, 
JAMES  N.  JARVLE, 
ROBERT  M.  JARVIS, 
WILLIAM  B.  JENKINS, 
C.  H.  KELSEY, 
GUSTAV  E.  KISSEL, 
HENRY  LEMBECK, 
JAMES  A.  MAC  UONALD, 
RICHARD  A.  McCURDV, 
ROBERT  H.  McCURDY, 


Ro8t4,  Vice-President, 
Gubeluian,  Sec.  and  Treas. 

ALLAN  L.  McDERMOTT, 
JAMES  Q.  MORGAN, 
ROBERT  S.  ROSS, 
EDWIN  A.  STEVENS, 
EBEN  B.  THOMAS, 
MYLES  TIERNEY, 
JAMES  TIMPSON. 
COKNELU'S  VANDERBILT, 
JOHN  J.  VOORHEES, 
GEORGE  W.  YOUNG. 


J.    NEVIN     ROBERTS, 
WALKER     P.    HALL, 

Members  Cincinnati  Stock   Exchange, 

Chicago  BOAao  of  Trade. 


HUGH     F.    CRISS, 

Member  N.   Y.  Stock  Exchanoe. 

THOMAS     B.    CRISS, 

Member  N.  Y.  Cotton  Exchange. 


Roberts,  Hall  &  Criss, 


BROKERS, 


New  York  and  Cincinnati. 


Telephohe,  2737  Broad,  N.  Y. 
Private  Wire  to  Cincinnati. 


45    Broadway, 

NEW   YORK. 

33  East  Third  Street. 

CrNCTNNATl.     OHIO. 


H.   B.    Sl.AVEN, 

Fresidfttt  nnd  Trrasurfr 


W.   H.  Mackkv. 

Vice-  Preside  n  t . 


R.  E.   Slavkn. 


K.    t \    HlNCKLKY. 

(•^ui-ra/  Manager. 


THE    CHASE    GRANITE    CO 


LIGHT  GRAY, 
PINK  AND  WHITE 


GRANITE. 


Thorough   equipment.      Large  capital. 


Quarries, 

B  L  u  F.    Hill,    M  a  i  n  n 


New  York  Office, 


5-11     BROADWAY. 


WHITE  FIRE-PROOF  CONSTRUCTION  CO. 


162-164  West  27th  Street,  New  York 


complete  system 
Fire-proof  construction 


(PATENTED) 


Fireproof  Floors  ai7<i    Ceiliogjs 
Fireproof  Partitions  2,  5  ao«I    4  inches  tbicK 
Fireproof   Elevator    an<J    I-igbt    Shafts 
^etal    Furring    arjd    Lathing 


Write  for  further  inforrpation 
Ejtirnat^s  ch^^rfully  furoijh^^i 


Telephone    J  076   Madison   Square 


Whom  not  to  know  argues  one's  self  unknown.' 


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DISCUSSION  OF  THE  PROBLEMS  OF  MANAGEMENT  AND  OF 
PUBLIC   POLICY    CONNECTED   THEREWITH        J.        ^        ^        J. 

p.     D.     BI^IGHT,    President  and  Genepal  manager 

H.  T.  HEUicomB,  Editor 

137  South    Fifth  Street,  Philadelphia,  ^o^. 


..RATES.. 

Domestic     Sutsscriptions,     $A.OO    per    a.-inum     in    advartce 
F'oreign    Subscriptions,     S5.00     per    annum    in    advance 
Advertising     Rates    will     be     supplied    to     applicants 


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M.  B.  BROWN,  President 

G.  KADFORD    KE.LSO,  Sec'p  and  Manager 

Martin  B.  Brown  Co. 

r       49  to  57  Park  Place 
lAfAj*   NEIW    YORK  !^!^A 

J 


B 


LANK  book  manufacturers.  Intricately 
ruled  and  printed  books  our  speci- 
alty. Manufacturers  of  flat-opening 
blank  books,  J.  Y.  Huber  and  Work- 
man's patents.  Edition,  pamphlet 
and  booklet  binders 


Steel-plate  and  steel-die  engraving, 
printing  and  embossing  from  hand 
or  power  presses 


BARNABYS   ANALYSIS   OF 

RAILROAD       REPORTS 

ISSUED  FROM  TME 

MARTIN  B.  BROWN 
i  PRESS i 


newWyork 


E 


NGRAVERS.  printers  and  lithographers 
of  all  kinds  of  bonds,  certificates  of 
stock,  checks,  drafts,  notes,  certifi- 
cates of  deposit,  bills  of  exchange, 
note  and  letter  heads,  billheads, 
business  cards,  envelopes,  etc. 


Wood,    photo    and     line     engraving 


Railroad    printing  of  all    descriptions 


'iS^^^C^^^^*- 


CDC  Peu)  englana  Statist 

BENJ.    F..  TYLER,      )  A.soci.te  Editors  m^v  Povk  Office  TELEPHONE 

WM.  A.  POWELL,   *  .    ^     ni    II    iS-*       *  ^^^  Cortlandt 

%  Broadu)ap  and  6  iUall  Street 


Rooms     104-I05 


A    GOOD    INVnSTMBNT. 


A  subscription  to  the  "Statist"  is  a  good  investment  It  is  vitally  alert  to  every  tick  of  the  clock  of  industrial  and 
commercial  values  and  in  close  touch  with  all  the  signs  of  the  times.  Its  facts  and  figures  of  trade  and  commerce  in  concise 
paragraphs  are  a  daily  guide  for  investment  or  speculation  which  will  well  repay  perusal. 


ANOTHER    GOOD    INVESTMENT. 

A  standing  card  in  the  right  paper  may  be  costly,  but  it  is  the  price  of  prestige  and  prestige  is  the  price  of  success. 

Better  to  LIVE  in  the  public  eye  than  to  lie  dormant  in  a  city  directory. 

Men  do  not   consult    directories    now-a-days,  but    instead    ask  the  first  man  they   meet,    "  Can  you  give   me  the  name  of  a 

good  house  to  intrust  some  financial  business  to  ?  " 
Certainly,  So  and  So  is  a  well-known  concern,  you  will  find  their  card  in  "  The  Statist." 


PUBLISHED  AT  96   Bfoadway,         6  Wall  Street,    New  York,     and     35   Congress  Street,    Boston. 


SUBSCRIPTION  PRICE:         One  Year,   $6.00;         One  Month,   50c.;        Per  Copy,   3  cents. 

Sample  copy  on  Application. 


FIDELITY  AND  CASUALTY  CO. 


1876 


O^   NE^VST    YORK:. 

Principal  Office,  Nos,  97-103  Cedar  Street,  N.  Y, 


1902 


'IDELITY  BONDS. 


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EMPLOYERS'  LIABILITY, 


PERSONAL  ACCIDENT 


HEALTH  .    .    . 
STEAM  BOILER 


PLATE  GLASS 
BURGLARY  .    . 


FLY  WHEEL 


BONDED  LIST 


WM.  P.  DIXON, 
ALFRED  M.  HOYT, 
A.  B.  HULL, 


GEO 
W.  ( 
J,  G 
WM.  J.  MATHESON 


THE    Assets    of    this    Company    on    June    50th     were     $s,  190,405.23.      They 
increased  in  the  six  months   $573,753-95.      It   would   seem   that   our  Policy- 
holders are  satisfied  and  are  speaking  well  of  us  to   their  friends. 

As  our  business  is  very  large  and  our  Policy-holders  are  widely  distributed, 
it  will  not  be  difficult  for  any  one  needing  insurance  to  inquire  about  us.  It 
is  a  good  thing  for  a  Policy-holder  to  be  sure  of  the  merit  of  his  company, 
relative  and  absolute. 

TWENTY-SIX   YEARS  IN  BUSINESS. 

Losses  Paid  to  June  30th    =    $15,086,483.19 


E.  IDE, 
LOW, 
McCULLOUGH, 


Policy^Holders  and  Agents  Everywhere. 

r  ALEXANDER  E.  ORR,  ANTON  A.  RAVEN, 

_-^_  -.       3  HENRY  E.  PIERREPONT,     JOHN  L.  RIKER, 

DIRECTORS  ;  ^GEO.  f.  seward,  w.  emlenroosevelt, 

(  GEO.  G.  WILLIAMS. 


GEORGE  F.  SEWARD,  President.  ROBERT  J.  HILLAS,  Secretary-Treasurer. 

HENRY  CROSSLEY,  ist  Ass't  Sec'y.  FRANK  E.  LAW,  2nd  Ass't  Sec'y.  EDWARD  C.  LUNT,  3rd  Ass't  Sec'y. 


SIMON    BORG    &   CO. 

-^  5anl(ers  k- 

20    Nassau    Street.  NBW   YORK. 

MEMBERS    OF    NEW    YORK    STOCK    EXCHANGE. 


Investment  Securities. 


Prime    Bonds    and    Guaranteed    Stocks    for    Savings    Banks,    Institutions,    Trust    Estates    and 

Individual     Investors    a    Specialty. 


LIST    OF    INVESTMENT    OFFERINGS    SENT    UPON    APPLICATION. 


riSK    €f   ROBINSON 


BANKERS 


35  Cedar  Street 
NEW      YORK 


28  State  Street 
BOSTON 


BANKING    DEPARTMENT 

DEPOSIT  ACCOUNTS  of  Corporations,  Firms  and  Individuals  received 
subject  to  sight  draft.  Interest  allowed  on  daily  balances  and  on  money 
deposited  pending  investment. 

FISCAL    AGENCY 

ACCOUNTS  for  the  payment  of  bonds,  coupons,  dividends,  etc.,  and  for  the 
transfer  and  registration  of  securities  received  from  municipal,  railroad  and 
other  corporations. 

INVESTMENT    DEPARTMENT 

UNITED  STATES  BONDS  and  other  investment  securities  bought  and  sold. 
Orders  on  the  New  York  Stock  Exchange  and  in  sound  and  marketable  unlisted 
securities  executed  on  commission  for  cash.  Information  furnished  regarding 
the  status  of  corporate  securities. 


